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Research and Publications
Energy and Environment - Clear thinking. Sustainable Advantage.
Our Energy and Environment group provides assurance and advisory services to emerging and established businesses across the fast growing energy and environmental sector. The energy and environment industry is highly complex. In places it is deeply fragmented, heavily regulated and under increasing pressure to help governments reach challenging emission targets. We have an in-depth understanding of the complexities and inter-relationships which characterise the sector, combined with the technical skills to provide the right solutions for you.
What is the CRC Energy Efficiency Scheme?
The CRC Energy Efficiency Scheme ("CRC") starting in April 2010 will require "Participants" to purchase allowances from 2011 (at an initial price of £12 per tonne of CO²) to cover their CO² emissions. CRC presents a number of legal and accounting challenges for private equity groups and their constituent investee businesses and a proactive approach to addressing the new Scheme means there will be fewer surprises later.
Ian Plunkett, BDO's London head of manufacturing and industrial markets, speaks to The Business Channel about the opportunities and challenges facing UK industry in our bid to become a greener Britain.
Given that the standard rates of capital allowances are reducing, there is added incentive for businesses to install energy efficient plant and machinery which attract a 100% enhanced capital allowance and provide a noticable cash flow benefit.