A new scheme, Carbon Reduction Commitment Energy Efficiency Scheme , will require businesses which use more than 6,000MWh/yr (roughly £500k per year) of electricity to reduce their carbon consumption.
Starting in April 2010, businesses which reduce their carbon consumption will be able to sell the excess allowances to those wishing to consume more.
This is the first ‘demand side’ carbon trading scheme in the world to effectively put a price on the consumption of carbon
This piece of legislation is groundbreaking. I think that growing concerns for the environment and becoming more sustainable have slowed down many companies trying to recovery from the recession. But investing in carbon reducing practices can save an organization a ton of money.
Matt Colebrook, chief executive of first direct said, "It makes good business sense to reduce our carbon emissions as we are achieving energy cost savings of around £200,000 each year. These savings have meant that we can become even more sustainable by reinvesting in further carbon reduction initiatives."
While I know that we all need to pull ourselves out of this economy, legislation like this is needed. Coming out of a recession, if done correctly, can be time of rebirth. If companies rise again with better practices financially, ethically and environmentally will be a major positive in the long run. If all countries would impose a mandatory carbon reduction legislation such as this scheme, it would change the world.
The Carbon Trust Standard Company, alongside first direct, Adam Woodall of People, Profit, Planet and green business expert Chris Goodall will be holding a webcast on 7th Dec at 12:30 pm for businesses wanting to find out more. Here’s the link to the webcast: www.cutcarbon.biz
How much do you know about the CRC Energy Efficiency Scheme? Click here to take a poll for a chance to win a Wattson home energy meter. To be eligible to win, you have to fill out where you heard about the poll from and enter your email address.
Filed under: Uncategorized | Tagged: environment, green, legislation, sustainability, UK | Leave a Comment »












