Despite the current global economic predicament, the UK government are pushing forward with their ambitious targets for the reduction of greenhouse gases. The latest addition to the climate change policy in the UK will be the introduction of the Carbon Reduction Commitment (CRC), due to be introduced in 2010. All large users of electricity, (ones with an electricity bill of approximately £500,000 for the period January 1st 2008 – December 31st 2008) are CRC organisations and will eventually be required to take part in a cap and trade scheme, buying allowances to cover their emissions.  Where those who do well will be rewarded with bonus payments and those who do badly will suffer financial penalties.

continue