Early in December, the Chancellor will present his Autumn Statement to parliament. Over the years, this event has become, in effect, a second "Budget" and CPI has submitted evidence to the Treasury calling for a number of measures to be taken to assist our industry in enhancing its competitive position. We are seeking to have the notorious Carbon Price Floor (CPF) annulled or, at the very least, frozen at its current rate. The CPF is a uniquely UK carbon tax which increases every year until it reaches ￡70 per tonne in 2030. Its aim is to penalise the use of fossil fuels and encourage investment in renewables. However, unless Energy Intensive Industries, like paper, are FULLY compensated it will add significantly to our energy cost base.
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