Carbon Reduction Commitment & Carbon Trading Councils Gemma Bradshaw Policy Analyst Centre for Local Sustainability.

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Presentation transcript:

Carbon Reduction Commitment & Carbon Trading Councils Gemma Bradshaw Policy Analyst Centre for Local Sustainability

Carbon Reduction Commitment All Energy-Use emissions - not just half-hourly electricity Indirect - Electricity Direct – Gas, Oil, Coal etc Not Covered EU ETS emissions CCA emissions Transport, Households De-minimis Energy use assigned to the Counterparty to the energy supply contract PFI / outsourcing / companies BUT schools in

Carbon Reduction Commitment April 2010 April 2011 Oct st Sale takes place Participants pay for both actual 2010/11 and forecast 2011/12 allowances 2010/11 and 2011/12 allowances released to participants Government holds 2 years of scheme revenue 1 st Recycling payments made All revenue from April 2011 sale (i.e. 2 years’ worth of revenue) recycled back from Government to participants Government holds £0 of CRC revenue Spot Trading Jul 2011 Report and surrender allowances for 2010/11 etc April 2012 Jul 2012 Report on and surrender allowances for 2011/12 Oct nd Recycling payments made Revenue from April 2012 sale recycled back from Government to participants Government holds £0 of scheme revenue 2 nd Sale takes place Participants pay for forecast 2012/13 allowances 2012/13 allowances released to participants Government holds 1 year of scheme revenue First year of scheme: 2010/11 Second year of scheme: 2011/12 Third year of scheme: 2012/13

Carbon Trading Councils Total baseline of carbon emissions 533,385.7 tonnes CO2 Cap set at 5%, leaving 506,715 tonnes of carbon allowances in the market Distributed at £12 per tonne, overall the market value was £6,201,050 Auction introduced a further allowances, price fell to £8 925 permits have been traded, price of carbon fluctuates from £11 to £12

Lessons learned Energy management – 2 month delay in data. Schools – up to 70% of a local authorities carbon baseline Responsibility - PFI, tenant and leaseholder CRC reality check - regulation and enforcement, fines, league tables

Things to think about? Which emissions are you responsible for now and in the future? What is your carbon purchase and trading strategy? Who will be making trading decisions? What skills are needed? Is there a clear role for elected members?

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