Legislation and Your Business
How Legislation Effects Your Business
The Climate Change Act (which the UK adopted in 2008) sets a target for the UK of reducing carbon emissions to 80% below 1990 levels by 2050. To help meet this target, the government has a number of policies, outlined below.
Carbon Reduction Commitment Energy Efficiency Scheme (CRC)
The CRC scheme came into force in April 2010 and aims to significantly reduce UK carbon emissions not covered by other pieces of legislation. The primary focus is to reduce emissions in non-energy intensive sectors in the UK.
Organisations that have used more than 6,000 MWh of electricity in 2008 (equivalent to an annual electricity bill of about £500,000) will have to purchase and surrender allowances each year to cover their CO2 emissions.
How Will The Scheme Work?
Participants in the CRC will need to measure and report their carbon emissions annually, following a specific set of measurement rules. The first annual report of emissions is due in July 2011.
Starting in 2012, participants will buy allowances from Government each year to cover their emissions in the previous year. This means that organisations that decrease their emissions can lower their costs under the CRC.
What Will This Mean To Participants?
Improving your energy efficiency will save you money and improve your organisation’s reputation.
There is a clear financial incentive to perform well in the CRC. You will reduce the number of emissions allowances you need to buy if you cut emissions, putting you at a cost advantage to competitors that have not cut emissions.
For more information about the managed LED lighting services from e3 and how it can reduce your carbon emissions call us on 0845 603 8543 or contact us and we will call you.