We are now in the final phase of the Government’s legislative CRC scheme in its current format. The Government has announced that the scheme will be merged with the Climate Change Levy in 2019.
The mandatory CRC Energy Efficiency Scheme requires that all qualifying organisations purchase carbon allowances to cover their carbon emissions. Its aim is to reduce the amount of carbon dioxide (CO2) emitted in the UK. The scheme runs in five-year phases. It is currently in its final phase, which runs from April 2014 to March 2019.
The principal legislation relating to emissions reduction after 2019 is likely to be the Mandatory Greenhouse Gas Emissions Reporting Scheme (MGHGR), which was launched in 2013.