Budget 2013: Deloitte comments on real estate sustainability measures
21 March 2013
Jon Lovell, director in sustainably in Deloitte Real Estate comments on the sustainability measures in today’s Budget: “From a green economy perspective, there were some positive, but largely isolated, announcements in today’s Budget. Of particular note was confirmation of the Government’s continued commitment to zero carbon homes from 2016, coming at a time when doubt within industry over the future of that policy was beginning to grow.
“Overall though, there will be concern that an opportunity has been missed to strengthen the resilience of the UK economy to growing resource and climate pressures. It is notable that the Office for Budget Responsibility forecasts point to a disconnect between revenues collected by the Exchequer from environmental taxes, and expenditure on environmental goods and services. Indeed, announcements today on investment into environmental sectors were few and far between, whilst fossil fuel based technologies and sectors received a number of breaks and incentives. That said, environmental taxes overall are set to increase year on year in line with the Coalition commitment, which further amplifies the need for businesses to drive efficiency and resource productivity into their operations and investments.”
Notes to editors
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