A Carbon Tax is coming, why? A carbon tax is coming and there can be little doubt that it is coming soon. Carbon will start to cost, and that will have a major financial impact on business.  Most organisations will be affected over the course of the next five years and must prepare to manage carbon pricing risks now. The UK has pledged to reduce their greenhouse gas emissions by…

Was the CRC the UK's first carbon tax? Between 2012 and 2019 the UK operated a “carbon tax”, the Carbon Reduction Commitment Energy Efficiency Scheme (CRC EES). It was a carbon emissions reduction scheme, applied to organisations that consumed more than 6,000 MWh of electricity through half hourly meters. The CRC EES applied to both public and private sectors. It was estimated that the scheme would reduce carbon emissions by…