Carbon Reduction Commitment (CRC) Energy Efficiency Scheme

DEFINITION: A mandatory carbon emissions reduction scheme in the UK that applies to large non-energy-intensive organisations across the public and private sectors. The scheme is divided into a number of phases, with each phase lasting five years. Currently, the scheme is in its second phase running from April 2014 to March 2019. However, the Government announced in 2016 that the CRC Energy Efficiency Scheme will be abolished following the 2018-19 compliance year.

See also: Fifth carbon budget

Related items

TCFD suggests that the value at risk, as a result of climate change, to global manageable assets ranges from $4.2trn to $43trn between now and the end of the century

TCFD: Businesses worth $2trn back final climate disclosure recommendations

More than 100 businesses including Unilever, Barclays and HSBC, have publicly committed to support the final recommendations listed by the Task Force on Climate-related Financial Disclosures (TCFD), which seeks to disclose climate information as part of mainstream financial statements.

edie explains: ISO 50001

This ISO 50001 guide, produced in association with edie's supporting partner NQA, provides an in-depth summary of the ISO 50001 Standard which can be used by an organisation to establish and maintain a continuous level of energy performance improvements.

The research found that only 29% of the firms reporting to the scheme disclose their performance against carbon emission reduction targets

Report: UK businesses have 'long way to go' to reduce emissions

UK businesses have been urged to ramp up efforts to reduce carbon emissions after research found that organisations involved in the Government's Carbon Reduction Commitment (CRC) energy efficiency scheme emitted more than 41 million tonnes of carbon dioxide during the 2015-16 compliance year.

Power Forward: How the largest US companies are capturing business value while addressing climate change

The largest US companies are increasing their clean energy and energy efficiency efforts while improving their bottom lines.

edie Explains Water Retail

What are the benefits to your business? How do you switch? Which company should you choose and what happens if you don’t act when the market opens in April next year?