The United Kingdom government has unveiled a new “Green Tax” framework aimed at reducing carbon emissions and funding renewable energy initiatives. Under the plan, industries with high carbon output will face a new levy based on their emission levels. The revenue will be used to support wind and solar power projects across the country.
According to Treasury officials, the move is part of the UK’s broader goal to achieve net-zero emissions by 2050. The scheme is expected to generate £3 billion annually, which will be reinvested into the renewable energy sector and low-carbon innovation.
Environmental experts have welcomed the announcement, describing it as a bold step toward sustainable development. However, business leaders have expressed concerns that the new tax could increase operational costs, especially in manufacturing and transport sectors.
The plan will be debated in Parliament next month before final approval. The government has also indicated potential collaboration with South Asian nations, including Bangladesh and India, for technology sharing in green energy projects.
