Delivering his budget this afternoon, Osborne said the government would “continue to promote the low carbon investment and innovation” required to combat climate change and that it would focus on “the best value for money policies”. George Osborne"s summer budget included no full - scale implementation of the Levy Control Framework ( PDF ) , but did remove an exemption for renewables from the Climate Change Levy . Osborne said the government would " continue to promote the low carbon investment and innovation " required to combat climate change and that it would focus on " the best value for money policies " . The LCF framework is rumoured to have fallen away under coalition rule and forecasts from market intelligence firm Cornwall Research and the BBC suggested it could record an overspend of between £ 1 billion and £ 2 billion by 2020 .
George Osborne"s summer budget included no full - scale implementation of the Levy Control Framework ( PDF ) , but did remove an exemption for renewables from the Climate Change Levy . Osborne said the government would " continue to promote the low carbon investment and innovation " required to combat climate change and that it would focus on " the best value for money policies " . The LCF framework is rumoured to have fallen away under coalition rule and forecasts from market intelligence firm Cornwall Research and the BBC suggested it could record an overspend of between £ 1 billion and £ 2 billion by 2020 .