The Carbon Reduction Commitment (CRC) will be scrapped by
2019 – nine years after it was launched – Chancellor George Osborne has
announced in his annual Budget speech. The government will abolish the
energy-efficiency scheme within the next three years and replace the lost
revenue by increasing the Climate Change Levy (CCL) in order to “incentivise
energy efficiency.”
The news was met with mixed reactions. Richard Warren,
senior energy policy adviser for manufacturers’ organisation EEF described the
CRC as “a vastly overcomplicated tax that has had a negligible effect on energy
efficiency improvements in industry.” Meanwhile, David Cockshott, chief
commercial officer for Inenco Group, pointed out that losing the £900 million
of annual revenue created by the CRC would mean businesses not currently
eligible for the scheme would face higher energy costs once it was scrapped.
The CRC is a mandatory government programme that requires
participating bodies to measure, record and report their annual electricity and
gas-related carbon emissions. These organisations must purchase allowances for
every tonne of carbon emitted, with the aim being that those that reduce their
emissions will pay less. The scheme applies to around 7,000 UK companies that
consume more than 6,000 MWh (megawatt hours) of electricity per each year and,
upon its launch in April 2010, was intended to cut non-traded carbon emissions
by 17 million tonnes by 2027.
Whether you’re looking to satisfy government legislation or
simply reduce energy costs from your plant or process, get in touch with
Gibbons. We provide energy-efficient equipment including electric motors, pumps, HVAC systems and variable-speed
drives to all sectors and our team of expert engineers are on hand with
technical advice and unrivalled product knowledge to help you make the right
choice. Call 01621 868138 or email info@gibbonsgroup.co.uk
for more information.
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