Carbon offset

Early Action Metrics

The early action metrics form 100% of the league table assessment criteria during the first year of the carbon reduction commitments scheme, and a significant percentage of the second and third years. In order to acheive the Early Action Metrics, most CRC participants will need to implement Automatic Meter Reading equipment and obtain the Carbon Trust Standard (CTS)*, or equivalent.

CRC League Table<br />
Calculations

What is the Cap and Trade Scheme?

The the carbon reduction commitment will use a cap and trade scheme will enable companies to

Companies will have to start buying carbon allowances to cover their carbon emissions, and that will involve measuring and recording energy use and calculating carbon dioxide (CO2) emissions (not including transport emissions).

The revenue generated from carbon auctions will be redistributed between the scheme’s participants. Each company will receive a larger or smaller amount than they originally paid for their carbon allowance, according to their performance in the CRC league table.

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