The CRC is a cap and trade scheme that is part of a package of measures within the Climate Change Act which aims to save over 4 million tones of CO2 by 2020 and further reduce carbon emissions to 20% of their 1990 level by 2050.

The scheme will have direct financial implications for all participants.

Non-compliance could become very costly and also expose your organisation to reputational hazards. The cost of compliance is not limited to the cost of allowances for your emissions; your position on the league table will decide if you will receive a bonus or pay a penalty when income from sale of allowances is recycled to participants.

There are early action initiatives that should be considered to improve your league table performance and thus improve your cost exposure. On the other hand, choosing a proactive and positive approach to CRC and carbon management in general could help you to achieve a net saving on your energy bill as well as boosting your brand and reputation through improved customer loyalty and employee pride and satisfaction. The long term effect will be a stronger market position and an improved bottom-line.

Bergen Energi can assist your organisation with all aspects of addressing the topic of CRC.