Companies have precisely one year from yesterday to prepare for the Carbon Reduction Commitment (CRC), a mandatory cap and trade system as part of the Climate Change Act, requiring businesses to reduce their carbon emissions year on year.
The scheme will target up to 6,000 large organisations (supermarket chains, hotel chains, office-based corporations, government departments and large local authorities) whose emissions are currently not covered under EU ETS or Climate Change Agreements, and who used more than 6,000MWh of half hourly metered electricity in 2008. This equates to an approximate electricity spend of…
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