The Carbon Reduction Commitment (CRC) - a proposal to limit CO2 emissions and then enable companies to trade the surplus or deficit (Cap & Trade) - will be introduced on 1 April 2010. The scheme is mandatory to organisations that meet the qualification criteria and registration is required even if organisations qualify for exemption. Companies failing to register by the deadline of 30 September 2010 will incur hefty fines from the Environment Agency. The scheme is intended to capture intensive energy users, who used more than 6000MW of electricity consumption through a half-hourly meter in 2008, who are not participants in the Climate Change Agreements (CCA) or EU ETS. Companies exceeding this threshold will have to register for CRC but, if more than 25% of the emissions are covered by a CCA, then exemption will be granted. Companies below the threshold will still be required to make an information disclosure. Those that exceed the 6000MW threshold will have to pay a one-off registration fee of £950.
The CBM has considerable experience in administering climate change agreements and assisting members with carbon trading. There is no need, therefore, for companies subject to CRC participation to spend large amounts of money on expensive consultancy events or consultancy benefit-sharing agreements. The CBM can offer you a full service in order to ensure your company complies with this latest initiative.
Note that companies who exceed the threshold will have to pay a one-off registration fee of £950.