Taxation of Fossil Fuel Electricity Generation in Favour of Renewables: Lessons for other Countries from the UK Climate Change Levy Scheme
Article from: OGEL 4 (2016), in Taxation
Abstract
This article offers an avenue for understanding how tax-based instruments such as the climate change levy (CCL) can serve as the bases for promotion of renewable electricity to address environmental challenges and costs associated with investment in renewable energy among other justifications. The law has been employed as a tool for the implementation of tax-based instruments in order to encourage the use of electricity from renewable energy sources as opposed to continuous utilisation of conventional fossil fuel sources for electricity generation, which are not sustainable. ...