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London

Jones Lang LaSalle 2013 Budget Houseview – Dane Wilkins, Head of Renewable Energy Capital


​London, 20th March 2013 – Commenting on the 2013 Budget, Dane Wilkins, Head of Renewable Energy Capital at Jones Lang LaSalle, said:  From a renewables specific  standpoint  I support the governments £2.5bn boost to infrastructure spending which we hope will help further encourage UK pension funds to invest in the UK renewable sector.  He continued, “As for tax breaks for shale gas we believe these should be carefully applied to ensure this nascent industry does not compromise future carbon budgets.”

Dane Wilkins added: “It was encouraging to see that the Energy and Climate Change Secretary will announce that two projects have been chosen to go into the next stage of the government's Carbon Capture Storage funding competition. One thing I am against however, is the scrapping of fuel duty. By Budget 2014 George Osborne will have lost £9.6bn by scrapping fuel duty rises - more than the total to be spent on renewables to 2020.”

Dane Wilkins concluded:  “Looking ahead we will need to keep an eye on how the Energy Bill develops particularly in relation to the draft strike prices underpinning the contracts for difference that are to be published in the summer and also whether a decarbonisation target will be adopted for 2030.”