UK Carbon Reduction Commitment

carbontrust.co.uk (Jun 17 2009) Monitoring , Carbon Tax , Emissions

1. Cap and Trade for large non-energy intensive organisations The business and public sectors generate over one third of UK CO2 emissions. The establishment of Climate Change Agreements and the EU ETS has created a real incentive for reductions within energy intensive industries. Now, a new cap and trade scheme will incentivise significant carbon abatement in other, non-energy intensive sectors, delivering bottom-line financial benefits. The new emissions trading scheme (called the Carbon Reduction Commitment or CRC) will cost-effectively deliver carbon emissions reduction and cost savings in the service sector, public sector and other less energy-intensive industries. The Government announced its decision to implement this new scheme in the Energy White Paper published in May 2007. It aims to reduce carbon emissions in large non-energy intensive organisations by 1.2 million tonnes of carbon per year by 2020. The need to create an incentive for emissions reduction in this sector was originally ... (Read Full Article)

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