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Business gets warning on carbon deadline

2010

Companies that fail to register for the UK’s new Carbon Reduction Commitment Energy Efficiency Scheme (CRC) by the end of this month will face fines and publication of their names on a register.

About 5000 companies and organizations will be required to participate in the scheme, under which they must record and monitor their carbon dioxide emissions, then purchase allowances equivalent to their emissions every year.

Those missing the deadline will be fined £5000 ($7800, €6100) and £500 for every subsequent working day they fail to register, together with the publication.

Government figures showed that only about a quarter of the organizations required to register with the Environment Agency had done so by late August, even though registration opened in April.

Greg Barker, the energy and climate change minister, said he wanted to see swifter action but appreciated that some companies are struggling to get to grips with the new regime. ‘I understand the original complexity of the scheme may have deterred some organizations and I want to hear suggestions as to how we can make the scheme simpler in the future,’ he said.

He emphasised that the scheme is mandatory but that it will collectively save participants about £1billion annually by 2020 through energy efficiency measures that are not yet being applied.



Further Information
http://ethicalp.com/decc1
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