Browse Definitions :
Definition

Carbon Reduction Commitment (CRC)

The Carbon Reduction Commitment (CRC) is a mandatory emissions-reduction standard in the UK. CRC aims for a carbon reduction of 1.2 million tonnes by 2020 and an 80% cut in carbon emissions by 2050. With the exception of transportation fuels, CRC covers all forms of energy, including electricity, gas, fuel and oil.

The CRC cap and trade plan regulates large public- and service-sector businesses that are not energy-intensive. Most organisations don't fall under the European Union Emissions Trading Scheme for regulation of very large emitters of carbon dioxide but nevertheless contribute significantly to overall emissions. Organisations that must adhere to the CRC include government agencies, hotel chains, office-based corporations and supermarkets.

Allowances will first be sold under a fixed price during the introductory phase starting in April 2010, and then will be allocated through auctions, with the number of credits available diminishing over time. CRC will be applied through self-certification and audits, and at the end of the year, the best and worst carbon emitters will be summarised in league tables. The government will refund revenues from the sale of credits to participating organisations based on their emissions, and participants will be rewarded or penalised based on their rankings in the league tables.

This was last updated in March 2010

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • PCI DSS (Payment Card Industry Data Security Standard)

    The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to ...

  • risk management

    Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings.

  • compliance framework

    A compliance framework is a structured set of guidelines that details an organization's processes for maintaining accordance with...

SearchSecurity

  • Trojan horse (computing)

    In computing, a Trojan horse is a program downloaded and installed on a computer that appears harmless, but is, in fact, ...

  • identity theft

    Identity theft, also known as identity fraud, is a crime in which an imposter obtains key pieces of personally identifiable ...

  • DNS over HTTPS (DoH)

    DNS over HTTPS (DoH) is a relatively new protocol that encrypts domain name system traffic by passing DNS queries through a ...

SearchHealthIT

  • telemedicine (telehealth)

    Telemedicine is the remote delivery of healthcare services, such as health assessments or consultations, over the ...

  • Project Nightingale

    Project Nightingale is a controversial partnership between Google and Ascension, the second largest health system in the United ...

  • medical practice management (MPM) software

    Medical practice management (MPM) software is a collection of computerized services used by healthcare professionals and ...

SearchDisasterRecovery

SearchStorage

  • M.2 SSD

    An M.2 SSD is a solid-state drive (SSD) that conforms to a computer industry specification and is used in internally mounted ...

  • kilobyte (KB or Kbyte)

    A kilobyte (KB or Kbyte) is a unit of measurement for computer memory or data storage used by mathematics and computer science ...

  • virtual memory

    Virtual memory is a memory management capability of an operating system (OS) that uses hardware and software to allow a computer ...

Close