IEMA has called for greater carbon price certainty within the Carbon Reduction Commitment Energy Efficiency (CRC) scheme, in its repsonse to the latest DECC consultation.
IEMA argues that organisations need greater certainty in carbon price to substantiate the medium-term business case for energy reduction and low-carbon investments.
Nick Blyth, IEMA policy and practice lead, said: “Practitioners will contrast the CRC situation of allowance rates set by the annual Budget, with successful environmental schemes like the landfill tax, which had rates known and factored across a far longer period.”
The draft CRC Energy Efficiency Scheme Allocation Regulations set the price at £12 per tonne of CO2 for 2012, with future carbon prices left as a matter for the Budget process.
IEMA’s response was compiled with support from members and progresses findings from the Institute’s 2010 special report on greenhouse-gas management and reporting, as well as the recently launched climate change position statement.
Members and organisations can respond directly to the Treasury ahead of the 2012 Budget here.