Carbon Reduction Commitment Consultation
DEFRA has asked for comments on the revised Carbon Reduction Commitment by the 9th October.
We would like to hear your thoughts.
The full consultation document can be found at https://www.defra.gov.uk/corporate/consult/carbon-reduc/index.htm entitled rather challengingly 'consultation document'. Depending on how long you have (103 pages), please have a look, each section has a number of questions following discussions and options, with all questions summarised at the end. Section B is where the real detail starts on how it will affect us.
The key features are:
The CRC will target emissions from energy use by large organisations whose annual mandatory half hourly metered electricity use is above 6,000MWh - focusing on those emissions outside the Climate Change Agreements (CCAs) and outside the direct emissions covered by the EU Emissions Trading Scheme (EU ETS). In addition, firms with more than 25% of their energy use emissions in Climate Change Agreements would be completely exempt.
The key features of CRC are:
Please forward your thoughts short or long, good or bad on the proposed scheme by the 21st September 2007 to [email protected].
We would like to hear your thoughts.
The full consultation document can be found at https://www.defra.gov.uk/corporate/consult/carbon-reduc/index.htm entitled rather challengingly 'consultation document'. Depending on how long you have (103 pages), please have a look, each section has a number of questions following discussions and options, with all questions summarised at the end. Section B is where the real detail starts on how it will affect us.
The key features are:
The CRC will target emissions from energy use by large organisations whose annual mandatory half hourly metered electricity use is above 6,000MWh - focusing on those emissions outside the Climate Change Agreements (CCAs) and outside the direct emissions covered by the EU Emissions Trading Scheme (EU ETS). In addition, firms with more than 25% of their energy use emissions in Climate Change Agreements would be completely exempt.
The key features of CRC are:
- The CRC is designed to be more "light touch" in terms of administration requirements than the EU ETS, relying on self-certification of emissions (backed up by an independent risk based audit regime) rather than third party verification.
- CRC allowances will be issued to participants via an auction process. Within the context of the scheme cap, participants will be able to determine their own emissions targets. In order to ease participants into the regime, and to allow Government to establish more accurate data on emissions across the target sector, CRC will feature an introductory phase, with a simple fixed price sale of allowances.
- CRC will be broadly revenue neutral to the Exchequer. CRC auction revenue will be recycled to participants by means of a simple, direct, annual payment proportional to average annual emissions since the start of the scheme, with a bonus / penalty depending on an organisations position in an CRC league table.
Please forward your thoughts short or long, good or bad on the proposed scheme by the 21st September 2007 to [email protected].
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