Company: Incisive Media
| Category: Carbon Reduction Commitment (CRC)
| Published: May 2012
Executives participating in the Carbon Reduction Commitment (CRC) scheme are divided on the effectiveness of the scheme and the extent to which it should be reformed.
That is the core conclusion of our online survey of over 100 executives responsible for their organisation's compliance with the CRC, which revealed both a broad agreement that the scheme imposes too heavy an administrative burden, and an acknowledgement that it has raised awareness of environmental issues, led to improved emissions reporting, and driven some investment in energy efficiency measures.
This white paper recommends that policymakers focus proposed reforms of the CRC on reducing the scheme's administrative burden and removing the league table element. It also stresses that any reforms to the CRC or introduction of a replacement scheme should not water down the financial impact of the schemes emissions levies, which, despite some business complaints to the contrary, is incentivising investment in energy efficiency and leading to an increased focus on emissions reduction.
Rating: + 9
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