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Clifford Chance

Clifford Chance
Briefings

Briefings

Clifford Chance Comment: CRC - Formal Consultation on Simplification

29 March 2012

The Government has launched a formal consultation on simplification of the CRC Energy Efficiency Scheme.  Significant new rules to allow flexibility to disaggregate have been proposed.  Much of the remaining substance of the proposals follows the ideas set out in DECC's informal July 2011 paper.  Whilst the changes look likely to reduce the overall burden on participants in the CRC, the scheme would remain excessively complex. The proposals are also over-shadowed by the recent Budget announcement that if insufficient administrative simplification of the scheme cannot be achieved, CRC will be replaced by an alternative environmental tax.  This briefing gives a run down on the amended proposals.

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