The Carbon Reduction Commitment (CRC) has launched its next phase - Phase 2 - which will run from 1 April 2014. Phase 1 participants, as well as organisations qualifying for the first time, must register and pay registration fees for Phase 2 by 31 January 2014.
It is the participant’s responsibility to determine whether it qualifies for each CRC phase. Even if your organisation qualified for Phase 1, it must still reassess qualification for Phase 2. Please see below answers to some common CRC Phase 2 questions.
What are the criteria for CRC Phase 2?
An organisation will qualify for Phase 2 if between 1 April 2012 and 31 March 2013 it has:
- had at least one settled half hourly electricity meter.
- consumed more than 6000-megawatt hours (MWh) of qualifying electricity supplied on the settled half-hourly market.
How do I determine the full extent of my organisational group on the qualification date, 31 March 2013?
If an organisation has purchased or sold subsidiaries between the qualification final date of 31 March 2013 and registration then they should read the guidance on how to proceed. Additionally, the CRC Phase 1 register needs to be updated with these changes before registration of Phase 2 can be done.
How do I identify my organisation’s Participant Equivalents and considered disaggregation?
The Significant Group Undertaking (SGU) definition of subsidiaries or holding companies no longer apply and these are now called Participant Equivalents (PE) if they would qualify for CRC in their own right.
Through its software and supporting services, Greenstone enables its clients to accurately measure and report GHG emissions across their organisation. With an accurate GHG emissions footprint, organisations can set reduction targets and closely monitor GHG emissions over time.