Reduction on Climate Change Levy for plastics sector

The British Plastics Federation (BPF) has announced that it is in the final stages of entering into a Climate Change Agreement with the Department of Energy and Climate Change (DECC).

Posted on 31 July 2009

The British Plastics Federation (BPF) has announced that it is in the final stages of entering into a Climate Change Agreement (CCA) with the Department of Energy and Climate Change (DECC).
 
The new Agreement could save the UK plastics industry over £50 million a year in Climate Change Levy payments until 2017.
 
The Climate Change Levy (CCL) is a tax on energy supplied to non-domestic customers in the UK. The trade associations of energy intensive industry sectors can enter a Climate Change Levy Agreement (CCA) with DECC where their members can get an 80% discount on CCL payments. Businesses within a CCA must meet certain emission reduction and energy efficiency targets to keep claiming the 80% discount.
 
Qualifying businesses within the plastics sector must make their application by 31st October 2009. The next round of applications for entry into the scheme will not open until 1st April 2011.
 
Director-General of the BPF, Peter Davis, said:
 
“At last the plastics sector has been put on a level playing field with other materials that already have CCAs. Furthermore, the discount afforded by a CCA will go straight back into investment to improve further the efficiency and competitiveness of the industry. If companies are to benefit from this unique opportunity they must act now and begin the registration process. So far almost 100 companies have had the foresight to apply for the scheme and will benefit from the discount from the earliest possible opportunity.” 

Posted under Environmental Regulations and Legislation, Chemicals and Other Manufacturing on 31 July 2009