Property update — November–December 2013: Carbon Reduction Commitment
The Carbon Reduction Commitment (CRC) was first put into operation in the UK on 1 April 2010. It is a mandatory scheme, aimed at large public and private sector organisations. It is designed to incentivise such organisations, through the application of a tailored combination of drivers, to take up cost-effective energy efficiency opportunities. As a result, the amount of carbon emitted by those organisations should fall.
There have been various amendments to CRC since its introduction. Stakeholders have consistently argued that it is overly complex and administratively burdensome. The government has therefore consulted on — and made — changes from time to time. Despite these alterations, however, CRC remains complex.
There was only one mention of CRC in the Autumn Statement delivered by the chancellor on 5 December 2013: to set the allowance prices for the CRC year 2014–15, covering the period 1 April 2014 until 31 March 2015. Each ‘allowance’ is equal to one tonne of carbon dioxide emissions, and participants must first buy, and later surrender, enough allowances to cover their CO2 emissions…
If you are registered and logged in to the site, click on the link below to read the rest of the Wragge & Co briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
Greg Standing looks at the different factors contributing to growth in UK car sales, the impact of PCP products on the industry and both the challenges and opportunities facing the industry in the future.
Wragge Lawrence Graham & Co’s non-contentious engineering and construction experts provide their top 10 tips for executing documents.