For companies operating in the United Kingdom (and elsewhere in
Europe), the push to comply with varying climate change initiatives
continues to gather pace. This briefing note examines an important
recent development that UK based companies should be aware of. With
the introduction of the Carbon Reduction Commitment
("CRC") Energy Efficiency Scheme, companies operating in
the UK now face a daunting range of new regulatory schemes. The
impact of the CRC on property issues is significant as appropriate
lease provisions will need to be inserted to set out how costs of
the CRC are to be apportioned between landlords and tenants.
What's new?
Following the publication by the UK Government of the Energy
White Paper in May 2007, the CRC was announced. The CRC is a UK
based carbon trading scheme that is compulsory for large
businesses, which are not energy intensive, and public sector
organisations operating in the UK....
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