Energised by a Change in Policy; Alex Curtis, from Irwin Mitchell LLP in Birmingham, Looks at the CRC Energy Efficiency Scheme
Byline: Alex Curtis
In October last year, the new coalition Government, as part of its spending review, announced that the sale of allowances in the CRC Energy Efficiency Scheme would no longer be recycled back to participants of the scheme, but instead would be utilised to support public finances. The scheme is due to come into effect in 2012.
The Government has obviously been hugely under pressure to close the budget deficit and so the announcement marked a significant departure from the Scheme as previously introduced, which was to have been revenue neutral.
A number of industry bodies have severely criticised the announcement, which has been described …
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Publication information: Article title: Energised by a Change in Policy; Alex Curtis, from Irwin Mitchell LLP in Birmingham, Looks at the CRC Energy Efficiency Scheme. Contributors: Not available. Newspaper title: The Birmingham Post (England). Publication date: March 10, 2011. Page number: 17. © 2009 Birmingham Post & Mail Ltd. COPYRIGHT 2011 Gale Group.
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