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Ethical Corp presentation - Close Up On The CRC
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Ethical Corp presentation - Close Up On The CRC

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This is a presentation on challenges and strategies for adapting to the UK cap-and-trade scheme: the Carbon Reduction Commitment (CRC) Scheme. …

This is a presentation on challenges and strategies for adapting to the UK cap-and-trade scheme: the Carbon Reduction Commitment (CRC) Scheme.

It was delivered at the 2009 Ethical Corporation

Published in: Business, Technology

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  • 1. Business responses to the CRC CR Reporting & Communications Summit 25 November 2009 Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009 Pam Muckosy, Ethical Corporation Co-presenter on the CRC: Jane Dennet-Thorpe, DECC
  • 2. Why regulate? Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009 1/3 of UK’s total emissions Emissions from non-energy intensive companies expected to increase 11% between 2010-2030 Encourage attention on an item representing as little as 1% of operating cost 1/3 in the UK do nothing & 1/5 say climate change is not on the agenda
  • 3. How simple to implement… Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009 An incentive-based design A light touch, light penalties Facilitates gradual progress Easy reporting – if you have measured Self disclosure
  • 4. … yet some challenges Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009
    • Not a panacea for climate change - does not cover non-CO2 gases, transportation, water, biodiversity, and other topics
    • Renewables fall under separate regulation
    • Challenges for transport
    • Ambitious enough? – random audits and need for verification
    • Exceptions & boundaries
  • 5. Case study: the tenant Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009
    • Long-term investment without long-term rewards
    • Different results & strategies
    • Lack of transparency
    • Shared facilities
  • 6. Case study: the landlord Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009
    • Lack of control over use and management
    • Impact on business model and fees or service charge
    • Metering and monitoring
    • Initial cost burden when purchasing allowances
  • 7. Case study: data collection Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009
    • M & A
    • Need for a mandate on suppliers
    • Estimated billing is not enough
  • 8. Case study: abatement strategy Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009
    • Stalled progress due to planning permissions
    • A significant investment for grocery stores
    • Potential to game the system & manipulate league table rankings
  • 9. Case study: renewables Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009
    • ROCs
    • Requested:
      • Focus on consumption, not footprint
      • Renewables as 0 carbon
      • Maintain renewable subsidies
      • Transparency to end consumer
  • 10. Costs Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009
  • 11. What to watch for Why regulate How simple Challenges Case studies What to watch for Pam Muckosy Ethical Corp 04 11 2009 Rise in current carbon cost from £30/tonne Companies doing more in-depth measurement April deadline; September deadline and fines Companies aiming to reach the top of the league table in year one
  • 12. WWW.ETHICALCORP.COM/CRC Thank you If you would like internal training, or to be added to our research mailing list, please email me at Pam.Muckosy@ethicalcorp.com or visit www.ethicalcorp.com/training