Businesses Should Prioritize Carbon Footprint: Carbon Trust Standard

Jack Humphrey, Regulatory journalist
October 07, 2010 /

Several thousands of businesses have failed to register themselves for a new governmental scheme that cuts their carbon emission. The government is also urging small and medium enterprises to cut their carbon emission.

All businesses that have energy bills of more than £500,000 a year will have to register for the CRC Energy Efficiency Scheme. The scheme was formerly known as the Carbon Reduction Commitment. Of course, some businesses will be given an exception.

The idea of the scheme is to let the highest users of energy pay for their own carbon emissions.

September 30 was the due date for businesses to register or they could face a fine of £5,000. A daily fine of £500 was also to be charged which could run up to a maximum of £45,000.

John Jones, who is the partner and Head of Corporate Finance at Beever and Struthers, said that the latest statistics by the Environment Agency show that only about 15,000 businesses have registered for the scheme with their details. It is being anticipated that more than 5000 others should have registered by now.

Jones mentioned that any business who should have already registered but have not for some reason should act immediately because they could not only be facing financial penalties but also potentially “serious damage to their reputations”.

The Carbon Trust Standard has been urging SME’s to cut their carbon emission as well as they contribute to about 45% of total business energy use. A new assessment and certification service has also been launched in this regard.

Organizations can make avail of the online application form for the scheme for businesses who have an energy spend of up to £50,000.

Harry Morrison, who is General Manager of the Carbon Trust Standard, said that SME’s could potentially allow a saving of up to £1.1 billion in their energy us

 

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