Businesses ''want tax money spent on sustainable construction''

Posted by Robert Shields

Sustainable construction and renewable energy should be the sectors that benefit from funds raised through climate change taxation, according to new research.

Research from analysts at accountancy firm PricewaterhouseCoopers has found that the vast majority of UK businesses hope to see monies raised through climate change taxes reserved for sustainable construction and green industries.

The survey revealed that 94 per cent of British companies hope to see investment in eco construction and renewable energy, but only 18 per cent of firms felt that environmental tax revenue would be used to support sustainable technology.

Mark Schofield, global leader of sustainability and climate change tax for the finance company said: ''Big energy users in particular are investing in carbon and energy management systems which are integrated with their operations, rather than treating energy management as an annual number-crunching exercise.''

Earlier this week, a study by the European Photovoltaic Industry Association revealed that up to 40 per cent of Europe''s energy could be generated by solar panels within the next decade.