{"id":31450,"date":"2015-11-30T08:06:54","date_gmt":"2015-11-30T08:06:54","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=31450"},"modified":"2015-11-30T08:06:54","modified_gmt":"2015-11-30T08:06:54","slug":"the-uk-has-committed-to-spend-as-much-on-new-renewable-energy-research-as-it-gives-500-people-in-one-tax-relief","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/11\/30\/the-uk-has-committed-to-spend-as-much-on-new-renewable-energy-research-as-it-gives-500-people-in-one-tax-relief\/","title":{"rendered":"The UK has committed to spend as much on new renewable energy research as it gives 500 people in one tax relief"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.theguardian.com\/environment\/2015\/nov\/30\/major-powers-pledge-20bn-for-green-energy-research\" target=\"_blank\">Guardian has reported this morning that<\/a>:<\/p>\n<blockquote><p>The US and 18 other countries have pledged to double funds for clean energy research to a total of $20bn over five years, boosting a parallel initiative by Bill Gates and Mark Zuckerberg and increasing the prospects for successful agreement at the Paris climate negotiations that start on Monday.<\/p><\/blockquote>\n<p>So that's near enough \u00a313 billion over 5 years or \u00a32.6 billion a year split between 18 countries, or in our case, assuming we get a double weighting as we're bigger than average, \u00a3300 million a \u00a0year.<\/p>\n<p>And we're meant to celebrate that?<\/p>\n<p>To put that in context, that's the same sum as we gave to just 500 people in<a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2015\/10\/30\/in-2013-14-just-3000-people-got-tax-relief-of-at-least-600000-each-at-a-total-cost-of-at-least-1-8-billion\/\" target=\"_blank\"> capital gains tax entrepreneur's relief in 2013-14<\/a>\u00a0when the total cost of that one tax relief was \u00a32.7 billion in a year.<\/p>\n<p>Do we really think that this is all climate change is worth?<\/p>\n<p>Are our hopes so low?<\/p>\n<p>I despair.<\/p>\n<p>And offer <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2015\/11\/27\/launched-today-climate-qe-for-paree\/\" target=\"_blank\">Climate QE<\/a> as a real alternative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guardian has reported this morning that: The US and 18 other countries have pledged to double funds for clean energy research to a total<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/11\/30\/the-uk-has-committed-to-spend-as-much-on-new-renewable-energy-research-as-it-gives-500-people-in-one-tax-relief\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,74],"tags":[],"class_list":["post-31450","post","type-post","status-publish","format-standard","hentry","category-economics","category-green-new-deal"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/31450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=31450"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/31450\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=31450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=31450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=31450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}