Annual reporting for the Carbon Reduction Scheme will fall in line with the financial year compliance cycle, from April to March, as opposed to the original reporting that was based on calendar year reports from Januaury to December.
Organisation within the Carbon Reduction Commitment will be required to maintain an evidence pack, and a source list of all emissions included in the CRC.
Additional rules will apply to the reporting on the generation of renewable energy, exporting power from your own energy generation and the use of combined heat and power.
At the end of each reporting year (March 31) you will be required to submit your report by the end of July. At this point he will also be required to surrender allowances that will be equal to your level of emissions, where 1 allowance wil be equal to 1 tonne of CO2.
The carbon reduction commitment scheme is based on audits rather than verification. As such, you will not be required to verify your commission's statement, which differs from exiting EUETS schemes. However, the audit process wl cover 20% of al participants each year.