Implications Of The UK Carbon Reduction Commitment

Law360, New York (November 14, 2008, 12:00 AM EST) -- The United Kingdom may provide a bellwether for US climate change regulation. Businesses in a wide range of sectors on this side of the Atlantic should take note of the UK’s Carbon Reduction Commitment.

The UK Climate Change Bill is expected to become law before the end of this year. The provisions of the Bill include the Carbon Reduction Commitment (CRC), a mandatory auction-based emissions trading scheme for non-intensive energy users.

The CRC targets energy use and incorporates incentives and challenges to encourage business and the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.