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The Low Carbon Economy Ltd

07 Jul 2011 09:07:04

CBI backs mandatory carbon reporting

CBI backs mandatory carbon reporting
The Confederation of British Industry (CBI) has pledged its support for mandatory carbon reporting in its response to a government consultation.

According to the CBI, such a requirement would help businesses effectively manage their CO2 emissions, but efforts must be made to align any obligation with existing regulations.

Rhian Kelly, CBI director for business environment, said mandatory reporting would help executives better understand the savings which can be obtained through energy efficiency.

However, she added: "Given that many companies already report their emissions under other schemes, the government should get rid of overlapping regulations so firms don’t end up getting bogged down reporting for a variety of different schemes."

The CBI argues the Carbon Reduction Commitment league table should be axed if mandatory reporting is introduced, claiming it no longer has an impact since the revenue-recycling element was removed.

In its submission to Defra, it also says concerns must be addressed about when companies are expected to submit data and to take into account different business models allowing sectors to report either UK or global emissions.

The CBI also recently called for exemptions from the carbon floor price for energy-intensive sectors, which produce the components vital for low carbon power generation.  ADNFCR-1235-ID-800614132-ADNFCR

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