Comments on: The Carbon Reduction Commitment (CRC) – another bill? http://dofonline.co.uk/blogs/eco-finance/carbon-emmissions/carbon-reduction-122251/ Joining the dots between cost and carbon reduction for finance directors Thu, 17 May 2012 02:12:50 +0000 http://wordpress.org/?v=2.5.1 By: Peter Wognum http://dofonline.co.uk/blogs/eco-finance/carbon-emmissions/carbon-reduction-122251/#comment-6 Peter Wognum Mon, 02 Feb 2009 14:09:32 +0000 http://dofonline.co.uk/blogs/eco-finance/?p=9#comment-6 Pete - thank you for the comment. The CRC threshold figure was taken from the <a href="http://www.netregs.gov.uk/netregs/legislation/future/97515.aspx?campaignkw=Carbon%20Reduction%20commitment" rel="nofollow">NetRegs web site</a> and states, "The CRC will mainly affect large private and public sector organisations. An organisation can be made up of many businesses. If your organisation spends more than £1,000,000 a year on electricity, you are likely to be covered by the CRC." Your point illustrates perfectly, however, the vague nature of proposed CRC and merely reinforces the need to get involved in the consultation... otherwise, who knows how low they will set the threshold (after all, there's bailout money to recoup!) Pete - thank you for the comment.

The CRC threshold figure was taken from the NetRegs web site and states,

“The CRC will mainly affect large private and public sector organisations. An organisation can be made up of many businesses. If your organisation spends more than £1,000,000 a year on electricity, you are likely to be covered by the CRC.”

Your point illustrates perfectly, however, the vague nature of proposed CRC and merely reinforces the need to get involved in the consultation… otherwise, who knows how low they will set the threshold (after all, there’s bailout money to recoup!)

]]> By: Pete http://dofonline.co.uk/blogs/eco-finance/carbon-emmissions/carbon-reduction-122251/#comment-4 Pete Tue, 27 Jan 2009 21:52:27 +0000 http://dofonline.co.uk/blogs/eco-finance/?p=9#comment-4 Great post. Just a couple of points - firstly I think the estimated inclusion threshold is half a million pounds no £1m. Also the point about stealth tax is a little unfair as the entire scheme is revenue neutral to the exchequer - all the money is recycled back to participants based on how well they reduce their emissions. In fact the organisations covered by the scheme are likely to see a net financial gain through the money saved on energy bills. Great post. Just a couple of points - firstly I think the estimated inclusion threshold is half a million pounds no £1m. Also the point about stealth tax is a little unfair as the entire scheme is revenue neutral to the exchequer - all the money is recycled back to participants based on how well they reduce their emissions. In fact the organisations covered by the scheme are likely to see a net financial gain through the money saved on energy bills.

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