Carbon Reduction Commitment Energy Efficiency Scheme (CRC)

The scheme applies to large energy users in the public and private sectors across the UK, including supermarkets, water companies, banks, local authorities and all central government departments. Organisations that meet the qualification criteria are required to participate, and must buy allowances for every tonne of carbon they emit. In the Budget on 16 March 2016, the Chancellor of the Exchequer announced that the government has decided to close the CRC scheme following the 2018-19 compliance year. Organisations will report under the CRC for the last time by the end of July 2019 and surrender allowances for emissions from energy supplied in the 2018-19 compliance year by the end of October 2019

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