2 August 2018
The Department for Business, Energy and Industrial Strategy (BEIS) has published its response to a consultation on proposals to streamline the UK corporate energy and carbon reporting framework and draft regulations to implement the changes. In a significant change to the current framework, new reporting requirements are to be placed on large unquoted companies and large LLPs. BEIS expects the number of reporting organisations to increase from 1,200 to 11,900. Legislation has also been laid before Parliament to abolish the CRC Energy Efficiency Scheme as from April 2019. In this briefing we set out an overview of the revisions adopted by the Government.