The Deptartment of Energy and Climate Change subsidies for Renewable Energy have been very successful, the majority of the Feed-In tariff support going to Solar Energy Schemes, almost too successful perhaps.
Many 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.
FIND OUT MORE ABOUT THE GREEN TAX
• Don’t Panic.
• What’s it all about?
• What do you need to do?
• Torse can Support the Process on your behalf.
Information Disclosure Reporting FREE for Torse Procurement Clients
Only a relatively small number of Torse Clients will (at this time) be significantly affected by the initial stages of the CRC Energy Efficiency Scheme. For the majority it should only mean more ‘Government Red Tape’, sorry, I mean paperwork.
For most of our larger clients, there will be a requirement to be a FULL PARTICIPANT in the CRC Energy Efficiency Scheme commencing April 2010. Torse will be contacting those clients who we are not already in discussion with about the practicalities.