Energy-Saving News

Why Blue-Chip Companies Are Enjoying The CRC Energy Efficiency Scheme

Posted on 11. May, 2010 by Ross in Corporate Policy

Whilst American companies fight tooth and nail to avoid any form of US climate change legislation, executives at top British companies are positively joyous at the impact of the UK’s CRC Energy Efficiency Scheme.

Two-thirds of UK executives expect significant energy costs savings from their involvement, whilst half expect a boost to their brand image translating into extra sales.

The CRC Energy Efficiency Scheme (formerly known as the Carbon Reduction Commitment scheme) came into force in April, forcing thousands of companies to begin monitoring their carbon emissions and buying carbon credits for those emissions. A revenue-neutral scheme, participants receive repayments for their credits through the ultimate carrot-and-stick combination: and annual CRC league table boosts repayments to firms which cut their energy usage whilst lowering repayments to those who have done less well, in a highly visible and transparent way.

Despite the additional burdens of compliance, monitoring and cash flow hurdles, UK business leaders are strongly behind the scheme, as evidenced by a recent survey by Verdantix (pdf). Over 200 company executives were interviewed regarding their attitudes towards the CRC Energy Efficiency Scheme, a majority of whom were responsible for company revenues in excess of

Related posts:

1. Which Companies Are In The CRC Energy Efficiency Scheme?
2. Blue Chip Hits The Jackpot With 500k Carbon Trust Loan For Energy Efficiency
3. Business Reason No. 1 to Act Now In The CRC Energy Efficiency Scheme
4. Act Now To Minimise Your Risk Under The CRC Energy Efficiency Scheme: Business Reason 4
5. Avoid the CRC Scheme for 7 More Years! The Super Secret Reason To Act Now

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Tags: CRC