The CRC is a UK mandatory cap and trade scheme proposed to cut carbon emissions by 1.2 million tonnes of carbon per year by 2020.
The key is energy efficiency and the reduction of emissions. Organisations will have to devise a carbon abatement strategy, consider energy efficient measures, monitor, assess and manage their carbon emissions.
The CRC is targeting 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. Approximately 3,000 organisations with an energy spend greater than £500,000 are taking part.
Emissions covered within the EU-ETS (EU Emissions Trading Scheme) and CCA’s (Climate Change Agreements) are exempt. Subsidiary organisations with over 25% of their emissions within CCA’s will be exempt, but not the whole CRC organisation.
A 3 year introductory phase began in April 2010.
It is likely to cost a business a minimum of £40,000 to purchace their allowances in April 2012's first sale, and more if your energy usage is greater than 6,000 MWh per year. Added to this a low league table position will lead to brand and reputation impact.
By reducing energy & CO2 you will