Improving the Integrity of the CRC through Allowance Transfers

The CRC Energy Efficiency Scheme (formerly known as the Carbon Reduction Commitment) is a regulatory mechanism that aims to improve energy efficiency in large public and private sector organisations and to reduce greenhouse gas emissions from the UK.

However, the design of the CRC – in particular its relationship with the EU Emissions Trading Scheme (EU ETS), Europe’s flagship greenhouse gas abatement mechanism, means that while it may encourage energy efficiency it is fundamentally flawed as a scheme for reducing greenhouse gas emissions.

Want to learn more? Download our white paper

Find out more about the CRC Efficiency Scheme.

Reading Time: 1 Minutes

Date Published: August 13, 2010

Share:

TLDR:

Is the CRC, while encouraging energy efficiency, a flawed scheme for reducing greenhouse gas emissions? Ecometrica's Dr. Richard Tipper thinks so...

Tags

Go to Top