Davey plans cost cuts

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THE UK Government is planning to exempt energy-intensive industries from certain costs associated with investment in low carbon technology.
The exemption, which was announced by secretary of state for energy and climate change Edward Davey, will be the subject of a consultation in 2013. It will also require state aid clearance from the European Commission.
Davey said: “The transition to the low carbon economy will depend on products made by energy intensive industries – a wind turbine for example needing steel, cement and high-tech textiles. This exemption will ensure the UK retains the industrial capacity to support a low carbon economy.”

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