CRC Energy Efficiency Scheme and Capital employed: Difference between pages

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imported>Doug Williamson
(Update for replacement by Streamlined Energy and Carbon Reporting regime.)
 
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''Environmental policy - UK.''
An accounting measure of the total value of resources available to management for use in the business.


The CRC Energy Efficiency Scheme was the UK's first mandatory carbon trading scheme to address climate change and to promote energy saving.


It aimed to reduce carbon dioxide emissions not already covered by climate change agreements and the Emission Trading Scheme, by reducing the UK's carbon footprint and meeting the emissions reduction targets set out in the Climate Change Act of 2008.
In simple terms, it is defined as:


Equity + Debt


It was formerly known as the Carbon Reduction Commitment (CRC).
''or''


Equity + Non-current liabilities
The detailed definition can vary in different contexts.
For this reason it is important to be clear about it, and to state it expressly.


The scheme was replaced in April 2019 by the UK's Streamlined Energy and Carbon Reporting (SECR) regime.




== See also ==
== See also ==
* [[Cap and trade]]
* [[Capital market]]
* [[Carbon credits]]
* [[Capital structure]]
* [[Carbon footprint]]
* [[Debt]]
* [[Carbon trading]]
* [[Equity]]
* [[Emission trading scheme]]
* [[Non-current liabilities]]
* [[Energy Transitions Commission]]
* [[Return on capital employed]]
* [[IPCC]]
* [[Merit order]]
* [[Streamlined Energy and Carbon Reporting]]


[[Category:Ethics_and_corporate_governance]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Manage_risks]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Intercompany_funding]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Financial_products_and_markets]]

Revision as of 20:38, 27 December 2020

An accounting measure of the total value of resources available to management for use in the business.


In simple terms, it is defined as:

Equity + Debt

or

Equity + Non-current liabilities


The detailed definition can vary in different contexts.

For this reason it is important to be clear about it, and to state it expressly.


See also