Monday, 27 September 2010

UK corporate CO2 trade scheme needs revamp: advisers

The British government should re-design its scheme to cut corporate energy
usage to make it less complex so as to include smaller businesses, a climate
advisory body to the government said on Friday.

The mandatory Carbon Reduction
Commitment (CRC) energy efficiency scheme was introduced in April to force
businesses like banks, hotels, hospitals and schools to help cut Britain's
greenhouse gas emissions by 4 million tonnes and corporate energy bills by 1
billion pounds ($1.57 billion) a year by 2020.

"The scheme can raise energy efficiency up the corporate agenda but it is
perceived to be complex," David Kennedy, chief executive of the Committee on
Climate Change, told reporters.

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