May 20, 2008

Day One: Countdown to the Carbon Reduction Commitment (CRC)
Preparing corporates for the UK’s New Mandatory Carbon Trading Scheme

Expert Convener: Simon Propper, Managing Director, Context

Registration & coffee

Welcome

Adrienne Baker, Event Producer, Green Power Conferences

An overview of the CRC
Defra will provide an update on the CRC following its latest consultation

Philip Douglas, Head of Branch, Carbon Reduction Commitment, Defra

Session 1: Are you covered and how?
The Carbon Reduction Commitment (CRC) is a mandatory auction-based carbon trading scheme targeting emissions from up to 5,000 large business and public sector organisations. The scheme applies to organisations that have half-hourly metered electricity consumption greater than 6,000 MWh per year. This opening session looks at what defines a CRC organisation.

• How will CRC account for various legal and organisational structures?
• Can one site qualify an entire organisation?
• Is it possible for one site to trade off another?
• How will emissions outside of electricity be measured, i.e. transport?
• How will this data be captured?
• Is there a risk of double counting for electricity already covered by EU ETS or CCAs?

What is a “CRC organization” ?
Defra will share conclusions on the coverage criteria for CRC organisations

Sally Comber, Senior Policy Advisor, Defra

Case Study: Which of my sites are included?
Enviros will present a worked example demonstrating how you can determine which sites and emissions will be included under the CRC.

Ray Gluckman, Consulting Group Director, Enviros

Session 2: Update from Energy Suppliers
Energy providers will assist with notifying companies and public sector organisations that they fall under this new carbon trading scheme. Here major energy suppliers will discuss how they’re preparing to liaise with organisations and the government to comply with the CRC.

Case Study: The Role of Energy Suppliers
Jim Butler, Head of Marketing Strategy, EDF

Discussion with Expert Panel

• What exactly are the responsibilities of suppliers under the CRC?
• How will energy suppliers assist organisations with compliance?
• How will meter operators and energy suppliers work together?
• Will organisations receive more accurate and timely billing information?
• What will happen when an organisation has more than one energy supplier?
• How will investment in renewables fit in with CRC?

Chair: Simon Propper, Managing Director, Context
Geoff Huckerby, Chairman, Association of Meter Operators
Jim Butler, Head of Marketing Strategy, EDF
Gaynor Hartnell, Deputy Director, Renewable Energy Association
Neil Drake, Marketing Insight Manager, British Energy

Session 3: Designing a New Carbon Trading System
The CRC is an auction-based cap and trade scheme in which participants are required to purchase and surrender allowances corresponding with their annual CO2 emissions. The CRC will include a three-year introductory phase where the Government will sell an unlimited number of allowances at a fixed price.

The CRC market mechanism
2008 is the qualifying year for CRC organisations with electricity consumption through mandatory meters for this year determining participation. Defra will provide an update on the introductory phase of the CRC, the design of the league table, the revenue recycling mechanism and how participants can obtain their allowances.

Ian Trim, Senior Policy Advisor, Defra

Assessing Carbon Emissions
The first step in preparing for the new CRC system is measuring your organisation's emissions. This session will look at carbon measurement and carbon intelligence.

Jon Bentley, Partner, Innovation and Carbon Management, IBM Global Business Services

Case Study: Publishing your Carbon Scorecard
At the end of each trading year, the Government will publish a performance league table that ranks participants based on their performance within the scheme. Enviros will provide a worked example of how an organisation will fit into the league table.

Ray Gluckman, Consulting Group Director, Enviros

Discussion with expert panel
• What is the easiest and most accurate way to capture emissions data?
• How will your position in the league table affect your reputation?
• Will organisations get credit for early action?
• How will the league table take business growth into account?
• What will the price be for allowances in the introductory phase?

Chair: Amy Foxe, Head of Environment, BSkyB
Ian Trim, Senior Policy Advisor, Defra
Kay Beagley, Energy and Water Conservation Co-ordinator, Kirklees Metropolitan Council
Andy Francis, Energy Manager, B&Q
Gill Hall, Director, IBM Carbon Centre of Excellence