The CRC, a new mandatory carbon trading scheme which will affect most businesses with electricity bills of over œ500,000 in 2008, became law on 17 March.

The CRC requires qualifying organisations to buy, on an annual basis, carbon credits (or allowances) equivalent to 90% of their total UK energy use. The money raised by the scheme will then be "recycled" back to the participants in varying amounts in accordance with their emission reduction performance, as reflected in an annually published league table.

Failure to comply with the CRC may lead to hefty fines, "naming and shaming" and even potential director liability.

Registration for the CRC will begin on 1 April 2010 and organisations will need to consider a number of issues which will be covered in the seminar but include:
  • Disaggregation can be key to reducing the overall cost of the CRC and applications for "disaggregation" must be made by 30 June 2010.
  • A careful examination of business structures will be needed when assessing the application of the CRC, as this will determine what energy use is covered by the scheme.
  • Landlords and tenants will wish to consider how they will allocate the benefits and burdens of the CRC.
Speakers:

Michael Hutchinson
Partner, Mayer Brown
Tel: +44 20 3130 3164
mhutchinson@mayerbrown.com

Darren Bernam
CB Richard Ellis Ltd.
Tel: +44 20 7182 3252
darren.berman@cbre.com

We very much hope that you will be able to join us for this breakfast session.


Timings

Registration: 8:30 a.m.
Presentation: 8:45 a.m. - 9:45 a.m.
Breakfast will be provided

Location
Mayer Brown International LLP, 201 Bishopsgate, London EC2M 3AF