Meeting the Carbon Reduction Commitment
28 April 2009
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CBI Conference Centre,
Centre Point, London
www.cbi.org.uk/propertybreakfasts
Tuesday 28 April 2009
08.00–11.00
The introduction of the Carbon Reduction Commitment scheme will have a huge impact on the property industry affecting over 5000 businesses across the board. Eligible companies will be required for the first time to calculate energy usage and surrender carbon allowances to cover the emissions they generate.
The government will return the revenue generated from carbon allowances in proportion to the success of participants' carbon reduction efforts.
With the eligibility process commencing in early 2009 and the introductory phase beginning in April 2010, companies will need to prepare both in terms of operational and financial planning to ensure that they will be able to cope with the cycle of allowance payment and revenue recycling that will ensue.
This seminar will discuss the potential implications of the Carbon Reduction Commitment and will debate the following questions:
- How to prepare for CRC? Drafting an evidence pack, developing energy efficient strategies, measuring energy-use, updating data management systems, budgeting for compliance, engaging employees
- How can you reduce carbon cost-effectively and reap the benefits of revenue recycling?
- What can government do to minimise the administrative burdens of monitoring and reporting?
- Where will responsibility lie where subsidiaries or franchises are concerned?
- How can landlords effectively pass on costs/benefits to tenants?
- Will the league tables fairly reflect a company’s performance? How will companies need to manage their cash flow?
- How can companies manage their cash flow with half-yearly revenue recycling?
- Is CRC a disincentive to investment in investment in onsite renewable energy and green tariff electricity?
Chaired by:
• Giles Barrie, Editor, Property Week
Speakers include:
• Emma Wild, Principal Policy Advisor – Climate Change, CBI
• Dr Ann Heywood, Principal, College of Estate
Management and Chair, RICS Sustainability Commission
• Ian Trim, Senior Policy Adviser, Defra
• Jean Waring-Thomas, Energy Manager, Boots UK Ltd