The Government is not providing renewable energy generators with the same level of generous tax reliefs for new investment to enhance the UK’s energy security. We recommend that the Treasury examine how a similar low-carbon Investment Allowance could be introduced for electricity producers paying the new temporary tax of 45%. (Paragraph 249) 90 Accelerating the transition from fossil fuels and securing energy supplies

The Government is not providing renewable energy generators with the same level of generous tax reliefs for new investment to enhance the UK’s energy security. We recommend that the Treasury examine how a similar low-carbon Investment Allowance could be introduced for electricity producers paying the new temporary tax of 45%. (Paragraph 249) 90 Accelerating the transition from fossil fuels and securing energy supplies Type: recommendation | Number: 46 | Response status: not_accepted Government response: Reject. Government does not accept this recomsmendation. Government is supporting renewables deployment through a range of policy levers, including the hugely successful Contracts for Difference (CfD) scheme, through which generators have received almost £6 billion net in price support to date. Comp