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About Carbon Reduction Commitment
The Carbon Reduction Commitment (CRC) is a proposed mandatory cap and trade scheme in the United Kingdom that will apply to large non energy-intensive organisations in the public and private sectors. It is anticipated that the scheme will have cut carbon emissions by 1.2 million tonnes of carbon per year by 2020. The British Government is committed to cutting UK carbon emissions by 60% by 2050, compared to 1990 levels.
The Carbon Reduction Commitment was announced in the 2007 Energy White Paper, published on May 23, 2007. A consultation in 2006showed strong support for it to be mandatory, rather than a voluntary. The Commitment is to be introduced under enabling powers planned for inclusion in the Climate Change Bill. A consultation into the scheme's implementation is to be launched in June 2007. -
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Quotes about Carbon Reduction Commitment
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“ The Government remains committed to pressing ahead with the Carbon Reduction Commitment, albeit with a number of significant changes. ”
In CBRE Comments on Government's CRC Announcement -
“ At the top of the list there I would put the UK carbon reduction commitment as probably the biggest risk, and the thing that everyone is watching as the first law on carbon reduction and carbon reporting, to see what happens. ”
In Green Grid and BCS Warn About "Risky" UK Carbon Rules -
“ The Carbon Reduction Commitment is cumbersome, bureaucratic and imposes unnecessary costs on business. ”
In Budget 2012: Goodbye To the CRC Green Tax?
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