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U.K. Carbon Reduction Commitment Permit Sales Postponed a Year
2010-10-20 12:55:56.985 GMT
By Alex Morales
Oct. 20 (Bloomberg) -- The U.K. postponed the sale of
carbon emission allowances to about 5,000 companies and
organizations by a year to 2012 and said revenue from the
program will go to government rather than be distributed back
among the participants according to their performance.
The so-called Carbon Reduction Commitment Energy Efficiency
Scheme will be "simplified to reduce the burden on business,"
the Treasury said in a spending review document released on its
website.
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To contact the reporter on this story:
Alex Morales in London at +44-20-7330-7718 or
amorales2@bloomberg.net
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net
