It may have been criticised in some quarters for being overly complex and lax on energy-intensive firms, but the Carbon Reduction Commitment (CRC) is set to deliver greater than anticipated cuts in carbon emissions and energy bills, according to a major new report released today by the Environment Agency.

The study predicted that the carbon trading scheme, which comes into effect from April next year and requires 5,000 of the UK's largest businesses and public sector bodies to report their carbon emissions, has the potential to reduce carbon emissions by 11.6 million tonnes a year – more than double the 4.1 million tonnes of savings that were identified when the scheme was first announced in 2006.

Source: Business green

To read the full article, click here.