08 Mar '12, 11am

Cable calls on Treasury to scrap "blunt" Carbon Reduction Commitment

I agree with Darryl. This was a good scheme but we have ended up with a blunt tax and a poor reputation for the CRC and energy initiatives in general. We undertook the CRC returns for a company with 800 retail outlets. Their voluntary smart metering at the majority of their sites brought them into the 6 GWh CRC compliance qualification - Ok for all, the smart metering Early Action metric and a plan to achieve the Carbon Trust Standard would ensure that the CRC would be a positive revenue. Then the fund was taken retrospectively by the Treasury and the company's good management of energy has resulted in an unforeseen tax which could have been avoided by not installing smart metering. There is no consistent long term Government strategy. Other initiatives by the Carbon Trust, Energy Saving Trust, Regional Development Agencies etc were similarly blown out of the water when th...

Full article: http://www.businessgreen.com/bg/news/2157948/cable-calls-...

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