CRC Initial Phase (Phase 2)—issues in restructuring and insolvency
CRC Initial Phase (Phase 2)—issues in restructuring and insolvency

The following Environment practice note provides comprehensive and up to date legal information covering:

  • CRC Initial Phase (Phase 2)—issues in restructuring and insolvency
  • What is the CRC Scheme?
  • Brexit impact
  • The CRC Energy Efficiency Scheme (Amendment) (EU Exit) Regulations 2018
  • How did the CRC Scheme work?
  • Qualification and registration
  • Applications by groups
  • Applications other than by groups
  • Insolvency procedure
  • Information and assistance by administrators, receivers and insolvency practitioners
  • More...

Restructuring and insolvency professionals may find themselves working with businesses with obligations under the CRC Energy Efficiency Scheme (CRC Scheme). This note provides an insight into what such professionals need to know about the CRC Scheme, so that where appropriate, they can effectively help to manage any applicable obligations and are aware of any insolvency specific provisions under the CRC Energy Efficiency Scheme Order 2013, SI 2013/1119 (2013 Order).

What is the CRC Scheme?

The CRC Scheme was a mandatory emissions trading scheme in the UK that aimed to cut carbon dioxide emissions and improve energy efficiency in large non-energy-intensive public and private sector organisations. Organisations may have included, for example, public and private companies or their company group, partnerships and government departments. Organisations that qualified for the CRC Scheme had to report their emissions and purchase and surrender allowances for every tonne of carbon dioxide they emitted.

The CRC Scheme was divided into a number of phases. Each phase contained a series of annual compliance years. There was a qualification year before the start of each phase, which enabled organisations to determine whether they needed to participate in that phase of the CRC Scheme.

The first phase of the CRC Scheme (Introductory Phase (Phase 1)) ran from April 2010 to March 2014 and contained different requirements to subsequent phases in the CRC Scheme. The final

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