Energy-Saving News

Avoid the CRC Scheme for 7 More Years! The Super Secret Reason To Act Now

Posted on 12. Apr, 2010 by Ross in Corporate Policy, United Kingdom

Update: check out our new CRC Strategy Guide!

Been waiting to see why your company needs to act now in order to save hundreds of thousands of pounds? Here’s the answer which no-one else is talking about because they’re too preoccupied with the here and now. Look into the future and see the trouble coming…

Companies in the first three-year phase of the CRC Energy Efficiency Scheme were designated as participants based on carbon emissions from 2008-2009: historic emissions which they could do nothing about, preventing them from avoiding the CRC scheme through quick energy efficiency gains.

The next phase of the CRC Energy Efficiency Scheme is due to last from 2013 to 2018, with and extra two years for new participants as well and feature a cap on the total emissions allowed which is designed to deliberately escalate the price of carbon credits. The effects of the scheme will be more severe on businesses and last much longer, but your company could avoid the extra burden entirely by lowering your emissions sufficiently during the next qualification period.

When is the next qualification period?

Now!

Qualification for CRC’s second capped phase is running from April 2010 to March 2011, concurrently with the first year of the first phase. Failure to act now could leave your company locked into the CRC Energy Efficiency Scheme for another seven years, resulting in extra cash flow burdens, legislation risks and carbon accounting overheads. Reducing emissions right now could see your company slip under the qualification threshold and avoid the CRC scheme until 2020.

Already lowered your emissions? So has everyone else! The recession saw a national slump in emissions of 8.6% in 2009 alone, with commerce and industry bearing the brunt of the cuts (public sector emissions, by contrast, only fell by 0.1%). Don’t be fooled into thinking that lower production outputs will be enough to see your company leave the CRC Energy Efficiency Scheme

Related posts:

1. Business Reason No. 1 to Act Now In The CRC Energy Efficiency Scheme
2. Cuts Your Energy Costs: CRC Reason 3 For Immediate Energy Efficiency Action
3. Business Reason No. 2 for Immediate CRC Action: The CRC League Table
4. Why Blue-Chip Companies Are Enjoying The CRC Energy Efficiency Scheme
5. Act Now To Minimise Your Risk Under The CRC Energy Efficiency Scheme: Business Reason 4

Find this article useful? You should subscribe to our RSS feed here.

Tags: avoid, business, CRC, strategy, uk