UK Sees Greener Future

The United Kingdom’s new leader outlines a greener policy for the transportation, taxation, business, energy and climate change. The government, in a report released to the media, says it supports tougher emission standards, development of new transport technologies and plans to mandate a national recharging network for electric and plug-in hybrid vehicles.

Earlier this month, David Cameron's Conservative party formed a new government for the United Kingdom with Nick Clegg's Liberal Democrats who is now the deputy prime minister.

They have recently announced the coalition’s program for government by outlining key priority policy areas according to issue-type and government department.

Towards energy and climate change, it said that they have outlined a wide range of approaches including: Creation of a green investment bank, introduction of a floor price for carbon, persuade the European Union (EU) to move toward full auctioning of ETS permits, establishment of a smart grid and roll out smart meters, seek increase for targets in renewable energy production.

The coalition government will also support an increase in the EU emission reduction target at thirty percent by the year 2010 in an effort to push the union to demonstrate leadership in tackling international climate change. Meanwhile, they are planning to introduce a new HGV road user charging system that will be fair for British haulers.

In a manifesto directed to the next government prior to the recent election, The Society of Motor Manufacturers and Traders (SMMT) outlined key issues affecting the UK motor industry in the near future and advised on policy direction to maximize the industry’s potential.

“The automotive sector is a vital part of the UK economy with a turnover of £52 billion, exports amounting to 10% of the UK total and supporting more than 800,000 jobs and is at the forefront of low-carbon technology,” according to the SMMT.

SMMT has also started developing a technical training program that will guide the electric vehicle industry in the country.

The UK traders group supports and promote both locally and internationally the interests of the country's automotive industry by closely working with member companies. It also acts as a mouthpiece for the automotive industry in promoting its interests to the authorities, stakeholders and the mass media.

In the meantime, the report also revealed that the government intends to create the most competitive corporate tax regime in the G20, without jeopardizing the interests of the manufacturing industries.

“Government is intent on creating a fairer and more balanced economy, less dependent on a narrow range of economic sectors and more evenly shared between regions and industries.”

“Consideration is underway to implement the Dyson Review to help make the UK the leading hi-tech exporter in Europe and refocus the research and development tax credit for high-tech companies, small firms and start-ups,” the report also stated.