Budget represents 'green leap forward'

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Budget represents 'green leap forward'

Jupiter Asset Management has claimed that the Budget announced yesterday by the chancellor represents a further step towards the creation of a low carbon economy in the UK.

The carbon budgets announced by Alistair Darling set a target for reducing the UK's carbon dioxide emissions by 34 per cent by 2020.

Charlie Thomas, manager of the Jupiter Ecology Fund, welcomed the government's decision to invest £500 million in sponsoring green economic measures such as raising the subsidies offered to offshore wind farms.

He added: "In the Budget, the chancellor announced a raft of measures aimed at boosting the low carbon economy and creating green jobs."

Mr Darling also announced the introduction of a car scrappage scheme, which is aimed at persuading people to trade in their old vehicles for more environmentally friendly models.

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