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March 2016 Budget Update

Following the 2016 Budget announcement held on 16th March 2016, below is a summary of the key points of the Treasury’s plans for CCAs and the Energy Tax Reform;

·        Climate Change Agreements will continue until March 2023

·        CCA target negotiations will commence in 2016

·        DECC will launch a consultation on energy and carbon reporting in summer 2016

·        Carbon Reduction Commitment (CRC) will end in April 2019

·        The Climate Change Levy (CCL) will increase from April 2019

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