Carbon Reduction Commitment
Wednesday 10th March 2010, Guoman Charing Cross Hotel, 09:15 - 16:00
Towards a Low Carbon Economy: Meeting the Carbon Reduction Commitment
“From the very outset, CRC has been specifically developed to limit burdens and generate benefits for organisations… The CRC scheme has been specifically designed to drive energy efficiency so saving participants money and can contribute to our climate objectives. The CRC targets emissions from energy use that are not already regulated under existing policies."
Joan Ruddock MP, Minister of State, Department for Energy and Climate Change, March 2009
Overview
In the Energy White Paper published in May 2007, the Government announced its decision to implement the new emission trading scheme, the Carbon Reduction Commitment (CRC). The CRC will cost-effectively deliver carbon emission reductions and cost savings in the service sector, public sector and other less energy-intensive industries.
The CRC is the UK's mandatory climate change and energy saving scheme, due to start in April 2010. It is central to the UK’s strategy for improving energy efficiency and reducing carbon dioxide (CO2) emissions, as set out in the Government’s Climate Change Act 2008. It has been designed both to raise awareness throughout senior managers in large organisations of the need to reduce carbon emissions, and to encourage changes in behavior and infrastructure. It aims to reduce carbon emissions in large non-energy intensive organisations by 1.2 million tonnes of carbon per year by 2020.
CRC will provide financial incentives to reduce carbon emissions by putting a price on them. Under the CRC, organisations buy allowances equal to their annual emissions. The overall emissions reduction target is achieved by placing a ‘cap’ on the total allowances available to each group of CRC participants.
The scheme features an annual performance league table that ranks participants on performance. Together with the financial and reputational incentives of ranking highly, the scheme encourages organisations to develop energy management strategies that promote a better understanding of energy consumption.
The scheme is designed to tackle CO2 emissions not already covered by Climate Change Agreements and the EU Emissions Trading Scheme. The scheme will cover large public and private sector organisations, who are responsible for about 10 percent of the UK’s emissions.
With the Carbon Reduction Commitment due to start in April 2010, this forum will bring together key stakeholders to discuss and examine the impact CRC will have on their organisation, and how they can comply and implement CRC in practice.
| 09:15 | Coffee and Registration |
| 10:00 | Opening Remarks by Chair Jenny Holland, Head of Parliamentary Team, Association for the Conservation of Energy (ACE) (CONFIRMED) |
| 10:05 | Meeting the Carbon Reduction Commitment
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| 10:25 | Financial Planning for the Carbon Reduction Commitment
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| 10:45 | Climate Change Projections: An Update
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| 11.05 | Questions and Answers Session |
| 11.25 | Coffee and Networking |
| 11:45 | Strategies to Meet the Carbon Reduction Commitment
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| 12:05 | Creating a Successful Emissions Trading Strategy
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| 12.25 | Questions and Answers Session |
| 12:45 | Lunch and Networking |
| 13:45 | Achieving the Climate Change Targets for 2020 and Carbon Reduction Commitment
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| 14:05 | Case Study: Building a Compliance Team
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| 14:25 | Coffee and Networking |
| 14:45 | Working in Partnership to Meet CRC Targets in Plymouth
Jackie Young, Sustainable Development Coordinator, Plymouth City Council (CONFIRMED) |
| 15:05 | Meeting Carbon Reduction Commitment and Minimizing Purchase of Carbon allowances from April 2010 at Cardiff University
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| 15:25 | Questions and Answers Session |
| 16:00 | Close |
*programme subject to change without notice
Exhibitors
Audience
Delegates will be drawn from local authorities, housing associations, construction industry, RSLs, energy and construction industry, trade unions, environmental groups, think tanks, businesses and employers, regional development agencies, local strategic partnerships, local, NGOs, housing organisations, academia and legal & voluntary, directors of housing, carbon budget managers, heads of policy, heads of procurement, heads of finance, heads of energy, and anyone interested in energy efficiency and carbon management.