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ARTICLE · 15 JULY 2011

Streamlining The CRC Energy Efficiency Scheme

Mayer Brown
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As part of its ongoing programme to reduce the regulatory burden faced by businesses, the Government last week published details of the changes it intends to make to simplify the CRC Energy Efficiency Scheme ("CRC").

United KingdomEnvironment
Michael Hutchinson
Michael Hutchinson
Georgina Seward
Georgina Seward
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Originally published July 7, 2011

Keywords: CRC energy efficiency scheme, emissions trading scheme, carbon credits, energy consumption

As part of its ongoing programme to reduce the regulatory burden faced by businesses, the Government last week published details of the changes it intends to make to simplify the CRC Energy Efficiency Scheme ("CRC").

The CRC is a mandatory emissions trading scheme for large non-energy intensive organisations in the private and public sectors. Broadly, it requires businesses (or Groups) to purchase allowances (or carbon credits) to cover their indirect carbon emissions (i.e. their energy consumption). The scheme covers a wide variety of sectors, including industry, retail and office-based businesses. Following its launch in April 2010, serious concerns were raised by businesses about the scheme's overly complex and bureaucratic provisions. There have been calls for the CRC to be scrapped. However, the Government has confirmed that

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