info@torse.co.uk | tel 0115 853 2120

22
Oct

CRC Energy Efficiency SchemeMany businesses have reacted angrily to last week’s announcement regarding the CRC Energy Efficiency Scheme and the new ‘green stealth tax’.

Following George Osborne’s speech at the Comprehensive Spending Review, it now appears promised rewards for improved energy efficiency generated from CRC participants will no longer be returned back to high performing organisations. Instead the government will pocket an anticipated £1 billion per year, totaling £3.46 billion between 2010 and 2015. Within the new cap‐and‐trade scheme, organisations are required to purchase CO2 allowances at a cost of £12 per tonne of CO2 emitted, coming at a considerable expense to some organisations.

One of Torse’s full participant clients, who wish to remain anonymous said:

It’s absolutely scandalous, within a scheme that already provides little incentive for organisations to improve their energy efficiency this is sure to have negative consequences. Yes, as an organisation we want to reduce our energy consumption, not just to reduce our expenditure but also to contribute to the UK’s carbon reduction programme. Essentially, we’re now throwing money away with the purchasing of allowances, which looks never to be seen again despite our strong performance

In response, Mark Johnson, Director at Torse, said

Yesterday’s events provide an interesting insight into the CRC Energy Efficiency Scheme, it proves to be deeply frustrating for both our clients and Torse. We’ve been working extremely hard with many of our participating clients to improve their energy efficiency…to what end?

For more information regarding the CRC Energy Efficiency Scheme (link to CRC homepage) please view our detailed pages and FAQ section (link to FAQ page). As and when more details are released you can be sure Torse will provide you with a unique, unbiased view. Click here to sign up to the Torse RSS Feeds.

Category : Carbon Emissions / Going Green / Legislation

Sorry, the comment form is closed at this time.