Changes to CRC - 7 October 2009
The Carbon Reduction Commitment is changing...What it means to your Business
Headline changes are:No double sale of allowances: The first year of the scheme will be a reporting year only, therefore in April 2011 organisations will only have to purchase allowances for 2011/12, not the double sale of allowances including the 2010/11 year as previously envisaged. Extra weight given to the early action metric: It will count for 40% in the second year of the introductory phase (previously 20%) and 20% in third year (no change). Early action metric - allows the use of other ‘third party’ standards: Third party standards that are equivalent to the Carbon Trust's can be used to show energy efficiency improvements have taken place over a 3 year period. Large Company Subsidiaries now to participate in their own right: Principal Subsidiaries that are large enough to qualify can participate in their own right. Name change: The name has changed to the Carbon Reduction Commitment Energy Efficiency Scheme, the idea is to ensure that it reflects the fact that the scheme is an energy efficiency scheme and that renewables do not get any special treatment.
John Buckley, Managing Director of the leading environmental consultancy, Carbon Footprint Ltd said "We welcome the increased emphasis on the early action metrics - meaning companies will benefit more from the energy saving measures already put in place." He added, "We are already helping many businesses reduce their energy consumption, costs, and business risk. It is good to see these organisations will now be rewarded through this initiative too." Click for more information on the CRC For more information on the recent updates visit http://www.decc.gov.uk/en/content/cms/consultations/crc/crc.aspx |
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