How can you save energy and costs while complying with the Carbon Reduction Commitment (CRC)? This is the central question to be answered at this second annual Defra-supported event. The Carbon Reduction Commitment Summit will help prepare organisations for CRC compliance in a timely and cost-efficient manner. By providing case studies from Defra experts, energy providers and CRC participants, this event offers practical advice on CRC compliance and the latest updates on energy efficiency and carbon management strategies.
What is the Carbon Reduction Commitment (CRC)? The CRC is the UK’s first mandatory carbon trading scheme targeting emissions from around 5,000 large business and public sector organisations. If your organisation has half-hourly metered electricity consumption greater than 6,000 MWh per year, which translates to roughly £500,000 in electricity bills, you will be implicated in this scheme.
Why is it important to learn about the CRC? This is the first time organisations will be legally required to calculate; report on and trade carbon. It is also the first time organisations will be publicly compared in a league table showing scheme participants’ carbon performance.
With a financial and reputational price on carbon management now looming, it is important for organisations to ensure they are properly prepared for the CRC. Scheme participants will need management’s approval for purchasing CRC allowances so it is important to review your carbon reduction plans today. Through presentations and expert panels, this event will offer the best practical advice on how organisations can achieve CRC compliance efficiently and economically.
Who needs to know? Because CRC inclusion is based on electricity consumption with the aim of carbon mitigation, its implementation will include a variety of job functions. Those functions include energy, facilities, environmental, operations, EHS, logistics, sustainability, regulatory affairs, CSR and finance managers. This event will provide access to those heading CRC compliance inside organisations from a variety of sectors, and at various stages of compliance, to ensure all attendees receive useful information.
When do organisations need to be ready? The first day of this event will focus exclusively on updating organisations on what actions need to be taken immediately to prepare for the CRC. 2008 is the qualifying year for CRC participants, with annual electricity bills determining inclusion in the scheme. 2009 will be critical in terms of preparing for the scheme’s April 2010 launch date.
Tasks for this year include registering for the CRC, developing energy efficiency strategies, ensuring data management systems, setting budgets for compliance, and educating employees and management. Through presentations by the Defra experts leading the CRC and case studies from organisations covered by the scheme and their energy suppliers, this day will answer the most pressing questions for those heading CRC compliance.
How much will CRC compliance cost? Day two of the Carbon Reduction Commitment Summit will look at the latest techniques in energy efficiency and carbon management. The aim is to help organisations assess and reduce energy consumption and carbon emissions in preparation for CRC compliance. This day will also examine how participants can anticipate the cost of carbon allowances in the introductory phase of the scheme. Proper data management systems and accurate carbon assessments will be critical to CRC compliance as there will be penalties for under-reporting emissions.
The Carbon Reduction Commitment Summit is designed to help those managing CRC compliance begin to define their new carbon management strategy, delegate responsibilities internally, budget for CRC participation and identify cost-savings solutions.
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