The UK Should Scrap Second Phase of `Complex’ Carbon-Cap Plan, Adviser Says…

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The U.K. should scrap a plan set to start in the second phase of its
carbon-reduction program to cap and auction emissions for large companies
and organizations, the government climate adviser said. The program known as the Carbon Reduction Commitment already is complex, and
introducing auctions of a fixed amount of emissions permits in the phase
starting in 2013 would make it worse, the Committee on Climate Change said
today in a report on its website. The U.K. plan covers companies not
included in the European Union Emissions Trading System. The program covers about 10 percent of U.K. emissions and encompasses 5,000
companies and organizations including Tesco Plc, the country’s biggest
supermarket chain, the universities of Oxford and Cambridge, hospitals and
local governments. They must pay for their carbon-dioxide emissions starting
next year, and the money raised would be redistributed among them based on
how well they have done in reducing greenhouse gases. “Current proposals risk making the scheme unnecessarily complex,” David
Kennedy, chief executive officer of the committee, said in a statement. “We
are therefore proposing that government modifies its design to make
participation in the scheme easier for companies and public-sector
organizations.” http://www.bloomberg.com/news/2010-09-24/u-k-should-scrap-second-phase-of-co
mplex-carbon-cap-plan-adviser-says.html

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