Carbon reduction commitment legislation – getting ready to trade
If your organisation spends a minimum of £0.5 million annually on electricity it is likely to be included in the Government’s proposed Carbon Reduction Commitment (CRC) scheme.
As part of this scheme, from April 2010 you will be required to:
- Measure your energy usage through fixed point sources
- Report to the government on that usage
- Pay for the emissions your energy creates.
If your organisation wishes to emit more than its allocated carbon allowance, it must buy credits from others who emit less than their allowance - or pay significant penalties. Conversely, if your organisation emits less, then it will have allowances in hand that it can then sell on to other companies, thus creating a market in carbon.
Helping the region’s leading organisations get ready for carbon trading
To explain the process of carbon trading and enable you to capitalise on the opportunities it offers, CO2Sense has developed a unique 6 stage process and a programme of knowledge sharing workshops. Taken together, these will give leading organisations in every sector all the tools they need to tackle carbon trading. Our programme can also help you make sense of the new legislation, cut through the jargon and keep your business on the right side of the law.
In order to prepare organisations for 2010, we have developed the UK’s first simulated ‘carbon market’, which lets you to trade risk-free and prepare for the launch of this emerging market.
"Carbon trading is a highly effective tool for cutting industrial carbon emissions by helping reduction take place where it costs the least. It provides real incentives for those who cut their emissions and invest in low carbon technology. This initiative by CO2Sense shows great vision."
Ed Miliband, Secretary of State for Energy and Climate Change
Join our carbon trading fast track, free of charge
Before the Government’s CRC scheme comes into effect, CO2Sense is inviting large businesses and public sector organisations to a series of free carbon trading workshops. These informative sessions will enable you to get to grips with the new legislation in an informal and risk free environment. They will also give you the opportunity to share best practice with other organisations in your sector. PLEASE NOTE: AT THE TIME OF WRITING ALL OUR CARBON TRADING WORKSHOPS ARE FULLY SUBSCRIBED. Please click here for details of forthcoming CO2Sense events.
CO2Sense’s six point plan to prepare your organisation for April 2010
Our unique plan has been specially developed to ensure that you are fully prepared for the introduction of the CRC scheme, and includes the following areas of action:
- Meet senior management and board members to provide an introduction to participating in the CO2Sense programme
- Assist you in the provision of baseline energy data in line with the Carbon Reduction Commitment
- Stage a carbon ‘auction’ to simulate trading and prepare your team
- Help plan your carbon reduction strategy
- Enable you to trade confidently on the open carbon market
- Oversee the assessment of your reduction plans against your allocated carbon allowances.