Streamlined Energy and Carbon Reporting (SECR) – details emerge

Posted by on Jul 20, 2018 in Blog, News | 0 comments

SustainSuccess participated in the government consultation on on the future of streamlined energy and carbon reporting (SECR). The government’s response was published on 18th July. This is our summary:

The new reporting regime follows the abolition of the Carbon Reduction Commitment (CRC) at the end of the second phase (31st March 2019 – although Annual Reports will still need to be submitted and allowances paid, so the administrative requirements will continue for a few months).

The £700m income that the CRC provided to the government will be replaced through significant increases in the Climate Change Levy (CCL), which are set to rise from 0.583 p/kWh to 0.847 p/kWh for Electricity and 0.203 p/kWh to 0.399 p/kWh for Natural Gas supplies (45% and 67% respectively, note that CCL other fuels such as LPG will also increase, see this link).

The consultation response (available here) has answered a number of important questions about the new reporting regime. However a number of key issues remain unclear, as set out below.

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The precautionary principle – friend or foe?

Posted by on Oct 15, 2012 in My Book | 0 comments

The English language is rich with aphorisms that warn us to take care before we proceed: “look before you leap”, “better safe than sorry”, “first do no harm” and “prevention is better than cure”. This notion of caution, originating in the German concept of Vorsorgeprinzip, loosely “forecaring principle”, lies at the heart of the debate about roles and responsibilities for resource efficiency.

The precautionary principle states:

When an activity raises threats of harm to human health or the environment, precautionary measures should be taken even if some cause and effect relationships are not fully established scientifically.

The key here is whether there is an obligation to act in the absence of absolute scientific evidence pointing to possible harm. Clearly, if such an obligation exists, then organisations today that are contributing to climate change by, for example, emitting CO2 to the atmosphere or reducing forests, have an obligation to take measures to reduce the threat to the environment brought about by their actions.  And the same principle applies to other forms of resource depletion, around water or biodiversity and so forth.

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Fiduciaries duty-bound to consider Resource Efficiency

Posted by on Oct 10, 2012 in My Book | 0 comments

A fiduciary is someone who is entrusted with another person’s money, rights or assets. The word is derived from the Latin fiducia for “trust” and reflects the expectation that the owner has that the custodian will act exclusively with the owner’s interests in mind.

It is a lovely concept. It describes how one person, perhaps vulnerable, in good faith places reliance and trust in another, and how that second person in good conscience, and bearing in mind the trust placed in them, acts in such a way to benefit and support the first person. A fiduciary will not allow their personal interests to interfere with their obligations to the first person, nor will they profit from the relationship.    

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