Speech

Edward Davey statement on the consultation on energy intensive industries compensation scheme

Statement by Secretary of State Edward Davey on the consultation on energy intensive industries compensation scheme

From:
Department of Energy & Climate Change and The Rt Hon Sir Edward Davey MP
Published
5 October 2012
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Delivered on:
(Transcript of the speech, exactly as it was delivered)
The Rt Hon Sir Edward Davey MP

Secretary of State Edward Davey, said on the consultation on energy intensive industries compensation scheme:

鈥淚t is important we ensure that as we move to a low-carbon economy, those industries that are more energy-intensive are not forced to relocate to other countries. This would not only have a negative impact on our economy, but could also result in us exporting emissions to countries that聽 are not as strongly committed to cutting carbon emissions.

鈥淐ompensating the most electro-intensive industries will benefit our economy by retaining vital jobs and preserving our manufacturing base, whilst enabling our industries to grow and transition to a green economy.鈥�

Updates to this page

Published 5 October 2012