CRC Tax - Financial Implications

What are the financial implications of the move to a carbon tax scheme?

Under the previous CRC scheme rules the maximum penalty was 10% of the cost of carbon allowances in the first year of the CRC. As a simple Carbon Tax the penalty is 100% from day 1.

For example an organisation with £1m energy spend would on average emit 8,627 tCO2e. This equates to £103,520 in carbon taxes at £12 a tonne. The

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Please see the table below for the impact based on various energy spends

Note: calculations based on 70% / 30% split between electricity and gas emissions and energy costs based on the average 2009 industrial prices index including climate change levy. This provides a average guide to recycling payments

Carbon is now a financial commodity

The coalition government's change to the CRC has effectively made carbon a financial commodity with a known price and value. Becoming an effective Carbon Saver is not only important from a reputational point of view, it now has a direct and tangible financial benefit on the botton line.

Contact us to find out how we can help you become a Carbon Saver.