Isramart llc : Many organisations unaware of CO2 commitments

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Isramart llc news:

Many organisations are unaware they are even affected by Carbon Reduction Commitment rules, according to a report at PropertyMall.com.

Any organisation that has, somewhere, a half hourly electricity meter is affected, Robert Fairbairn of epcsouth told the site. "If your head office, or main site has a half hourly meter, then all consumption within the group will have to be added up," he said.

Due to the regulations, organisations which may have a series of smaller premises or a number of franchisees will be liable. "Many occupiers wrongly believe that these rules only apply to very large companies, but they include all companies in a group and franchisees are grouped under the franchisor - even if the franchisees are in separate legal ownership."

Organisations that are required to register will have to prepare a report and an evidence pack of all fuel consumption in 2010/11, including original copies of invoices. This pack will be the responsibility of a director, and will have to be kept indefinitely as a reference point for future years.

Starting in 2011 participating companies will have to buy allowances, initially priced at £12 per tonne of CO2. At the end of each year these will be traded – creating a self-financing system that will reward organisations that curtail their carbon emissions.

Organisations that don't register for the Carbon Reduction Commitment scheme face fines of £5,000 fine plus an additional £500 per working day until they do so.