The CRC Energy Efficiency Scheme - The key questions for the Property Industry

    View Author January 2010

    The CRC Energy Efficiency Scheme ("CRC") (which was until recently simply known as the Carbon Reduction Commitment) is a mandatory emissions trading scheme that aims to improve energy efficiency and reduce the amount of carbon dioxide (CO2) emitted in the UK. It is designed to tackle CO2 emissions not already covered by Government regulation (such as those covered by the EU Emissions Trading Scheme or Climate Change Agreements) and is a key component of the Government's strategy to achieve an 80% reduction in net CO2 emissions (against the 1990 baseline) by 2050 as enshrined in the Climate Change Act 2008 ("CCA"). The CCA contains the enabling powers for the introduction of trading schemes relating to greenhouse gases and the CRC will be the first such scheme introduced under these new powers.