CRC Initial Phase (Phase 2)—trading and surrendering allowances [Archived]
CRC Initial Phase (Phase 2)—trading and surrendering allowances [Archived]

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

  • CRC Initial Phase (Phase 2)—trading and surrendering allowances [Archived]
  • The CRC Energy Efficiency Scheme (CRC Scheme)
  • Allowances
  • Deadlines for ordering, payment, allocation and surrendering of allowances
  • Allowance validity
  • Ordering and purchasing allowances
  • Surrendering allowances
  • Special allocation allowances
  • Secondary allowance market
  • Allowance price

CRC Initial Phase (Phase 2)—trading and surrendering allowances [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.

The CRC Energy Efficiency Scheme (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 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 split into successive phases, with the first phase of the scheme (the 'Introductory Phase (Phase 1)') running from April 2010 to March 2014.

The final phase of the CRC Scheme ran from 1 April 2014 to 31 March 2019 and was confusingly officially named as the Initial Phase. For the sake of clarity, we refer to this phase as the 'Initial Phase (Phase 2)'.

The CRC Scheme was introduced using enabling powers from Part 3 of the Climate Change Act 2008 (CCA 2008), and the primary details of the CRC Scheme were found in the CRC Energy Efficiency Scheme Order 2010, SI 2010/768 (2010 Order) which set out the requirements for the Introductory Phase (Phase 1). The 2010 Order was replaced and revoked (except as in so far as it relates to the Introductory Phase (Phase 1)) by the CRC Energy Efficiency

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