Determining CRC reporting requirements
All organizations must now establish, evaluate and prioritize their carbon reduction liabilities and get ready to participate in the CRC. It is estimated that some 5,000 organizations in the UK will be required to do so.
The Carbon Reduction Commitment is a mandatory emissions trading scheme and will come into effect by the summer of 2010. Indeed, organizations that will be affected by the scope of this initiative should already be engaged in the process of calculation and should be ready to roll out their active participation.
The Carbon Reduction Commitment seeks to address the threat of climate change caused by greenhouse gas emissions and is at the forefront of any such initiatives worldwide.
The Department for Energy and Climate Change is currently in the process of determining the final specification for the scheme but it is the responsibility of all organizations within the United Kingdom to determine whether they must comply with its requirements.