| Sourced From TimesOnline.co.uk |
NEXT YEAR Tesco will be forced to pay £40m to the government to comply with a new – and little known – regulation designed to reduce carbon emissions through energy efficiency.
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Posted on May 5, 2009
· in UK
| Sourced From The Manufacturer |
Sustainable power company ENER-G is running free seminars this spring on how to prepare for the Carbon Reduction Commitment (CRC).
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Posted on February 25, 2009
· in Global
| Sourced From Public Net |
More councils are being urged to sign up to the latest stage of a carbon trading system. The Local Government Information Unit wants authorities to join the second phase of its Carbon Trading Councils scheme for the next financial year.
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Posted on February 7, 2009
· in UK
KPMG has warned that UK businesses participating in the upcoming Carbon Reduction Commitment (CRC) may experience a major cash flow impact because of the scheme. The consultancy firm advised its clientele to begin appraising their CO2 emissions soon, so that they will be knowledgeable of their emissions and can prepare to go through the Commitment smoothly.

The CRC will be incorporated into legislations via the forthcoming Climate Change Bill and will come into effect from October next year. Around 10,000 organizations excluded from the EU emissions scheme will be part of this new Commitment that also includes the public sector.
KPMG also asserted that firms purchasing green electricity will also be part of the CRC, which will have all organizations that spend over £500,000 on electricity. It has been estimated that the Commitment will result in yearly reductions equaling around 4.4 million tonnes of CO2 emissions. Another important thing is that the government will promote names of big achievers and will also demote the worst performers by naming them in a ‘hall of shame’.
Although the whole program will be ‘revenue-neutral’, the government will disburse rebates long after firms will have to buy emissions allowances, which may suck some cash flow.
Posted on August 18, 2008
· in Carbon Market News