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CRC levy: industry consultation launched

CRC levy: industry consultation launched

Thursday, 18th November 2010

A consultation exercise on the Carbon Reduction Commitment Energy Efficiency Scheme has been launched by the Department for Energy and Climate Change.

The exercise was prompted by criticisms over the abolition of a payback to firms that did most to cut their energy consumption.

Removal of revenue recycling in last month's Spending Review led to accusations the CRC levy was no longer an incentive for companies to reduce carbon emissions and had merely become a tax.

The UK-wide consultation, which focuses on plans to delay Phase II of the CRC scheme, means participants won't need to register for this second phase until 2013.

Speaking at a CBI conference on climate change, Energy Secretary Chris Huhne said delaying the scheme would "Create a window for us to engage in a proper dialogue with participants about what we need to do to improve it".

Huhne also announced the government was proposing to exempt over 12,000 information declarers from the scheme.

The consultation will close on 17 December. Consultation documents can be found on the DECC website.

Tags
Environment, Sustainability