Friday, 11 March 2011

Carbon reduction commitment updates

For the past year, property lawyers have been getting to grips with the carbon reduction commitment (CRC) energy efficiency scheme, with little sign of any standard practice yet emerging on CRC drafting for leases and the raising of enquiries, against the backdrop of a complicated and ever-evolving scheme.

CRC is a mandatory emissions trading scheme for the UK, which aims to reduce carbon dioxide emissions through energy efficiency. Organisations that met the qualification criteria – which are based on whether they were supplied with electricity by a ‘half hourly meter’ and how much electricity they were supplied with –were obliged to register with the Environment Agency by the end of September 2010.

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