The first annual reporting year and first footprint year for the CRC starts today, 1 April 2010.
CRC participants will need to:
- keep an accurate record of energy use to produce a comprehensive report at the end of the year (a Footprint Report)
- compile an evidence pack which includes all data used to produce the Footprint Report
This first year is a reporting only year so CRC participants do not need to buy allowances now, but accurate monitoring now should assist participants assess the number of allowances they might need in April 2011.
For more information, including whether your organisation qualifies for CRC, the CRC user guide is available here
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 07/04/2010.