CRC: a system of bonuses and penalties
The CRC is being administered by the Environment Agency. Basically, large public and private organisations that have used more than 6,000 MWh of electricity in 2008 (roughly equating to £500K spend) will have to purchase and surrender allowances each year to cover their CO2 emissions.
The revenues will then be redistributed among the participants, with each receiving either a bonus or a penalty, depending on the extent to which they have reduced their emissions.
Position your organisation for maximum savings
The Carbon Trust can help make the CRC work in your favour. By reducing your carbon emissions now, you can ensure that you lower the allowance you need to buy to satisfy the new legislation. And more importantly, you’ll be better positioned to claim more revenue back.
So, why not take advantage of a free Carbon Survey from the Carbon Trust today? And take the first step towards reducing your carbon emissions and saving money on your energy bills.
Apply for a Carbon Survey
The CRC league table – an opportunity to enhance your businesses reputation
Once the CRC is under way, a CRC performance league table will rate and compare the participants’ carbon reduction efforts. A high ranking could enhance your reputation with customers, suppliers, business partners, employees and investors alike.
Ensure a higher CRC league table ranking
In the first year, league table rankings, bonuses and penalties will be wholly dependent on two ‘early action measures’, one of which is a valid Carbon Trust Standard certificate. Learn more about the Carbon Trust Standard.
Download: Managing the Carbon Reduction Commitment (CRC) as a business opportunity (PDF).
Download our guide for Finance Directors (PDF) - in partnership with the ICAEW.
Contents cover guidance on how to profit from early action, financial implications, accounting issues and a checklist of important steps.