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Home » News » Carbon Markets

Carbon Markets

30th April 2012 by Gary Sims

At present c.130 Republic of Ireland and c.30 Northern Ireland companies are obligated under the European Union Emissions Trading Scheme (EU ETS). A larger number of organisations are obligated under the UK Carbon Reduction Commitment.

The CRC Scheme targets emissions and energy use from large non-energy intensive organisations in both the public and the private sector whose annual mandatory half hourly metered electricity use is above 6,000MWh – focusing on those emissions outside the Climate Change Agreements (CCAs) and outside the direct emissions covered by the EU Emissions Trading System (EU ETS). CRC obligated organisations are responsible for around 10% of the UK’s emissions.

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