The carbon reduction commitment
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Presentation by Philip Douglas, head of branch, CRC - at the CBI Climate Change Summit, Tuesday 2 December 2008
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The carbon reduction commitment
- 1. The Carbon Reduction Commitment (CRC) CBI Climate Change Summit conference 2 December 2008 Dr Philip Douglas Head of Branch, CRC
- 11. 2008 2009 2010 Calendar year 2008: Assess HH electricity use for all organisations with settled half-hourly metering systems 1 Apr 2010: Scheme Starts April – Sept 2010: Registration All qualifying organisations disclose total half hourly electricity consumption Spring 2009: Env Agency awareness raising The scheme will begin in April 2010 2011 Year one 2012 Year two
- 12. Parent Company Subsidiaries with emissions in CCAs Subsidiaries In this company structure, subsidiaries M & N have emissions covered by CCAs. These CCAs cover more than 25% of the subsidiaries’ total emissions, therefore they are exempt from CRC A X Y Z M N Emission Coverage
- 16. Context
- 17. Growing international interest in CRC USA Brazil Japan South Korea China Australia New Zealand Europe
- 18. “ Diminishing returns in the EU ETS industries... In commerce there is much more scope to make progress” CBI, November 2005 Source: Ecofys: ENUSIM abatement curves, BRE buildings measures abatement curves Absolute cost effective carbon abatement opportunity to 2020 3.2 0.1 0.5 1.8 0.8 1.1 0.5 MtC (% of total emissions in brackets) ; NPV positive at 15% discount rate 3.3 (13%) 2.3 (18%) 1.6 (15%) 0.8 (15%) 4.5 (20%) 4.3 (33%) 2.6 (25%) 1.3 (23%) TOTALS MANUFACTURING BUILDINGS TOTAL 4.1 (12%) 3.8 (22%) 7.9 (15%) Technical potential TOTAL 12.7 (25%)