Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

climate change levy

The climate change levy is charged on electricity, coal (including hydrocarbon derivatives) and natural/petroleum gas supplied to industrial and commercial consumers. Suppliers are required to register and collect the tax. The levy is calculated at different rates for different fuels. 

 

climate change levy in the news

In the UK Summer Budget 2015 speech, the chancellor said the government would remove the climate change levy exemption for renewably sourced electricity from 1st of August 2015.

Drax,...