Carbon reduction commitment

Here at the CBI’s climate change summit, most of the anger towards government has centred on the changes to the carbon reduction commitment (CRC), which has seen money originally earmarked for businesses with good environmental performances going to the Treasury instead. The BBC’s Roger Harrabin summed up the feeling in the room when he described it as the government “nicking your CRC dividend”.

So business leaders are relieved to hear Chris Huhne, the energy secretary, make some concessions today. Here’s what he said:

Today we have published a UK-wide consultation on delaying the start of Phase II of CRC. This means that participants won’t need to register for Phase II until 2013.

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