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Carbon Reduction Commitment

Carbon Reduction Commitment & Carbon Trading Councils Gemma Bradshaw Policy Analyst Centre for Local Sustainability. Carbon Reduction Commitment. All Energy-Use emissions - not just half-hourly electricity Indirect - Electricity Direct – Gas, Oil, Coal etc Not Covered EU ETS emissions

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Carbon Reduction Commitment

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  1. Carbon Reduction Commitment &Carbon Trading CouncilsGemma BradshawPolicy Analyst Centre for Local Sustainability

  2. Carbon Reduction Commitment • All Energy-Use emissions - not just half-hourly electricity • Indirect - Electricity • Direct – Gas, Oil, Coal etc • Not Covered • EU ETS emissions • CCA emissions • Transport, Households • De-minimis • Energy use assigned to the Counterparty to the energy supply contract • PFI / outsourcing / companies • BUT schools in

  3. Carbon Reduction Commitment First year of scheme: 2010/11 Second year of scheme: 2011/12 Third year of scheme: 2012/13 Jul 2012 Report on and surrender allowances for 2011/12 Jul 2011 Report and surrender allowances for 2010/11 April 2010 April 2011 April 2012 Oct 2012 Oct 2011 etc Spot Trading • 2nd Sale takes place • Participants pay for forecast 2012/13 allowances • 2012/13 allowances released to participants • Government holds 1 year of scheme revenue • 2nd Recycling payments made • Revenue from April 2012 sale recycled back from Government to participants • Government holds £0 of scheme revenue • 1st Sale takes place • Participants pay for both actual 2010/11 and forecast 2011/12 allowances • 2010/11 and 2011/12 allowances released to participants • Government holds 2 years of scheme revenue • 1st Recycling payments made • All revenue from April 2011 sale (i.e. 2 years’ worth of revenue) recycled back from Government to participants • Government holds £0 of CRC revenue

  4. Carbon Trading Councils • Total baseline of carbon emissions533,385.7tonnes CO2 • Cap set at 5%, leaving 506,715 tonnes of carbon allowances in the market • Distributed at £12 per tonne, overall the market value was £6,201,050 • Auction introduced a further 10161 allowances, price fell to £8 • 925 permits have been traded, price of carbon fluctuates from £11 to £12

  5. Lessons learned • Energy management – 2 month delay in data. • Schools – up to 70% of a local authorities carbon baseline • Responsibility - PFI, tenant and leaseholder • CRC reality check - regulation and enforcement, fines, league tables

  6. Things to think about? • Which emissions are you responsible for now and in the future? • What is your carbon purchase and trading strategy? • Who will be making trading decisions? • What skills are needed? • Is there a clear role for elected members?

  7. www.lgiu.gov.ukgemma.bradshaw@lgiu.org.uk0207 554 2832For more information on LGiU Cymru contact juliet.morris@lgiu.org.uk

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