Carbon Reduction Commitment, are you ready? - Emma Wild, CBI climate change

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From 2009 companies and other organisations, will be required to report to the Environment Agency details of their energy usage, from almost all sources, on an annual basis.

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Carbon Reduction Commitment, are you ready? - Emma Wild, CBI climate change

  1. 1. Carbon Reduction Commitment, Are You Ready? Emma Wild, Principal Policy Adviser, Climate Change Group, CBI
  2. 2. Getting ready <ul><li>Climate change: everyone’s business </li></ul><ul><li>Carbon Reduction Commitment explained </li></ul><ul><li>Next steps for action </li></ul>
  3. 3. Climate change: everyone’s business <ul><li>Report to action: </li></ul><ul><ul><ul><li>Leadership </li></ul></ul></ul><ul><ul><ul><li>Policy development </li></ul></ul></ul><ul><ul><ul><li>Best practice </li></ul></ul></ul>
  4. 4. What is the CRC? <ul><li>Government strategy on climate change </li></ul><ul><li>UK-wide emissions trading scheme </li></ul><ul><li>Mandatory for qualifying organisations </li></ul>
  5. 5. Why has the CRC come about? <ul><li>£8.5billion wasted through inefficient energy use </li></ul><ul><li>Target to reduce emissions by 80% by 2050 </li></ul><ul><li>But, not high on the corporate agenda </li></ul>
  6. 6. Are you in or out? <ul><li>6,000 public and private sector organisations </li></ul><ul><li>Electricity bills > £1m per annum </li></ul><ul><li>At least one meter on the half hourly market </li></ul><ul><li>> 6,000 MWh electricity use in 2008 </li></ul><ul><li>Exemptions... </li></ul>
  7. 7. <ul><li>Organisations should start to prepare now </li></ul><ul><li>Introductory phase starts in April 2010 </li></ul><ul><li>Capped phase starts in April 2013 </li></ul>When will it kick in?
  8. 8. How will it work? <ul><li>Both financial and reputational drivers </li></ul><ul><li>Set of actions for compliance each year </li></ul><ul><li>Performance published in annual league table </li></ul>
  9. 9. How much will it cost? <ul><li>Purchase of allowances integral to scheme </li></ul><ul><li>Payments recycled to participants </li></ul><ul><li>First payment - April 2011 </li></ul><ul><li>First recycled payment – October 2011 </li></ul><ul><li>Minimum cost - £38k </li></ul>
  10. 10. Threat or opportunity? <ul><li>Threat : </li></ul><ul><li>New regulation </li></ul><ul><li>Cost and cashflow </li></ul><ul><li>Performance rated </li></ul><ul><li>Opportunity : </li></ul><ul><li>Increased CEO awareness </li></ul><ul><li>Drive down energy costs </li></ul><ul><li>Expanded market for low-carbon goods and services </li></ul>
  11. 11. What happens next? <ul><li>CBI – lobbying + raising awareness </li></ul><ul><li>Government – consultation + legislation </li></ul><ul><li>Environment Agency – information </li></ul><ul><li>Organisations – preparation </li></ul>
  12. 13. Re-cap <ul><li>Mandatory cap + trade for 6,000 organisations </li></ul><ul><li>Start in April 2010 </li></ul><ul><li>Opportunity as well as threat </li></ul><ul><li>CBI lobbying and best practice </li></ul>
  13. 14. Contact [email_address] http://climatechange.cbi.org.uk/reports/

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