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CRC post CSR

19 November 2010

Following the changes to the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme contained in the CSR Chris Huhne announced on Wednesday a new four week consultation on the amendments proposed by the government.

Unfortunately the consultation will primarily focus on the proposed extension of the introduction phase and postponing of the 1st allowance sale for phase two rather than dealing with the key proposal to not re-invest the money raised back into the scheme. Whilst the proposed amendments will no doubt help facilitate the broader ‘simpliciation’ review the government is undertaking and will crucially give participants more time to get to grips with the scheme it feels like any ‘bite’ and incentive in  the scheme is being taken out.

Responses to the consultation have to be in by the 17th December to ensure that any changes can be in place prior to the start of the 2nd phase…watch this space.

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