Carbon Reduction Commitment - how will it affect your business?

The Carbon Reduction Commitment (CRC) is a new mandatory UK emissions trading scheme that will start in April 2010. Participants of the scheme will be large non-energy intensive public and private sector organisations that have more than 6000 MWh half hourly metered (HHM) electricity usage (about £500,000 electricity bill) in 2008.

We recently broadcast this webinar to provide an outline of the scheme, examine areas where the draft legislation has provided further clarity and identify some of the main practical and legal issues arising from the CRC. Case studies led by ENVIRON will also provide examples of problems faced by organisations that will be covered by the scheme and how these might be resolved.

The CRC will also impact on all organisations with half hourly electricity meters, as they will have to respond to a Registration Pack to be sent out in September 2009 and will have to report their total HHM electricity usage where this is more than 3,000 MWh in 2008 but less than 6,000 MWh.

Once participants are included in the scheme they will have to calculate and monitor their emissions from static energy usage (including electricity, gas and other fuels), purchase and subsequently surrender allowances each year corresponding to their total energy use emissions and fulfil various reporting requirements. For organisations that are likely to be covered by the CRC it will be important to understand the potential implications, budget and make preparations for it, and ensure systems and processes have been put in place to collate the information required for compliance.