NEWS STORY

2 December, 2009

Updates to the Carbon Reduction Commitment (CRC) Energy Efficiency scheme briefing note

The CRC a mandatory emissions trading scheme that aims to deliver energy (and therefore carbon) savings in large organisations. The scheme is expected to start on 1 April 2010 and the introductory phase will run until March 2013.

Key changes to the scheme were announced by the Department of Energy and Climate Change (DECC) in October including:

• The scheme will now be called 'The Carbon Reduction Commitment Energy Efficiency Scheme'
• The first year will be a reporting year only
• Organisations will now only need to buy one year's worth of allowances for the year ahead at the first sale
• Significant Group Undertakings- (formerly 'Principal Subsidiaries') are subsidiaries that would qualify for the CRC in their own right
• Organisations will be able to detail their use of renewables for publication alongside the performance league table
• Information for the CCA exemption will be based on the qualification year and should be obtained as part of the registration process.

For full details on the scheme and the recent changes read our recently updated CRC briefing note.

For further information please contact us