We have used the definition from the forthcoming independent study by Innovas, commissioned by BERR, which includes:
Renewable energy, such as:
Wave and Tidal;
And emerging low carbon technologies and activities, such as:
Alternative Fuel Vehicles;
Additional Energy sources;
Carbon Capture and Storage;
The Government provide a range of tax incentives to encourage the adoption of new energy technologies:
Exemption from the climate change levy for supplies of electricity generated from certain renewable sources;
Enhanced capital allowances (ECAs) for energy efficient equipment provide 100 per cent. first year allowances for spending on designated energy-saving technologies and products;
Stamp duty exemption for new zero-carbon homes;
Reduced rate of VAT (5 per cent.) for the professional installation of microgeneration equipment in residential and charitable properties.
And further tax incentives to support investment in innovative new technologies and higher risk ventures:
R and D tax credits provide enhanced tax relief for companies investing in scientific and technological R and D.