The CRC is a UK mandatory scheme aiming to cut carbon emissions by 1.2 million tonnes of carbon per year by 2020. It supports the UK target to reduce achieve an 80% reduction in UK carbon emissions by 2050.
The scheme provides an incentive for reducing emissions through improved energy efficiency. The lower your emissions, the lower the cost of CRC to your organisation.
Under the scheme organisations have to devise a carbon action strategy, consider energy efficient measures, monitor, assess and manage their carbon emissions.
The CRC targets large non-energy intensive private and public sector organisations within the UK, whose combined electricity use through half hourly metering exceeds 6,000 MWh per year.
Emissions covered within the EU-ETS (EU Emissions Trading Scheme) and CCAs (Climate Change Agreements) are exempt. Subsidiary organisations with over 25% of their emissions within CCAs will be exempt, but not the whole CRC organisation.
Each compliance year your organisation must:
Buy and surrender CO2 allowances to cover your CRC emissions
Inform the Environment Agency of any changes in the organisation affecting its registration
Maintain an adequate Evidence Pack of all energy records
Compliance Year, CY1 April 2014 - March 2015
Compliance Year, CY2 April 2015 - March 2016
Preparation of annual data for compliance
Strategy for purchasing allowances
Assistance in compliance submission
Support of Environment Agency audit (should your business be selected)
Strategy for reducing your annual emissions/cost exposure to CRC