No Double Sale Within the CRC Energy Efficiency Scheme
Conscious of the fact that they were moving relatively quickly and breaking new ground, the British government went out of its way to solicit feedback prior to the commencement of the CRC Energy Efficiency Scheme. The program, which will be based on a “cap and trade” auction scheme when it really gets underway, affects some 5000 large organizations within the country. Each company spends about $500,000 per year on energy costs and are significant contributors, therefore, to the problem of greenhouse gas emissions.