The CRC Energy Efficiency Scheme (formerly the Carbon Reduction Commitment) is a mandatory carbon emissions reduction scheme in the UK. The commitment requires companies to measure and report on all their emissions related to energy use to the Environment Agency. Organizations that use more than 6,000MWh per annum (equating approximately to an annual electricity bill of £1,000,000) fall under the scheme. CRC organizations have to monitor and report their emissions from all fixed point sources (not just electricity) annually. Its impact on middle market companies in the UK has been significant. A large number of companies included in the CRC have not previously reported non-financial information. It is currently in phase 2 that runs from April 2014 to March 2019.
Industry sectors covered by the instrument
Organizations covered by the instrument
Large companies (listed & unlisted) - companies with GHG potential
Type of instrument
Mandatory or voluntary
The geographical scope