Alistair Darling is set to announce a raft of higher green taxes.
The chancellor is due to speak at the launch of the Prince of Wales' Accounting for Sustainability conference today, and is set to also unveil a greener approach to taxation, The Independent reports.
The paper quotes a draft of Darling's speech, which will say: 'Sustainability will be at the heart of the next Budget. This is not an optional extra. It is essential for all our futures.'
'We cannot let short-term costs stop us acting now. And as Chancellor, we will not have a Treasury that only sees the cost of acting, but a Treasury that sees the cost in not acting.'
The government is to set up a parallel currency and budget for carbon, the paper adds.
'We must live within our new carbon budgets for the health of the wider world; and play our role in avoiding the threat of catastrophic climate change,' Darling is set to say.
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