What are the main sustainability issues currently affecting the real estate industry? And what are the practical implications – will they cause a change in behaviour?
Recent months have seen schoolchildren going on strike, parts of London being brought to a halt by Extinction Rebellion and climate change activists blockading corporates’ headquarters. On top of Read More
Regular readers may recall that we have previously blogged a fair bit on the Energy Savings Opportunity Scheme (“ESOS”). Phase 1 finished at the end of 2015 and we are now getting close to the end of Phase 2, as the final date for compliance is 5 December this year. See links to previous blogs Read More
The short answer is nothing. The Energy Savings Opportunity Scheme implements an EU Energy Efficiency Directive and is all set to continue after Brexit on the same basis as before. Draft regulations were published on Thursday 22 November 2018 to make some changes to the current ESOS Regulations once Brexit happens, but this is to Read More
On Wednesday 18 July, The CRC Energy Efficiency Scheme (Revocation and Savings) Order 2018 was laid before Parliament. This Order will come into force on 1 October this year and will abolish the CRC when its current Phase ends. This means that, from 1 April 2019 onwards, there will be no further obligation to monitor Read More
The Chancellor announced in today’s Budget that the Carbon Reduction Commitment (CRC) will be abolished, with effect from 2019.
The financial aspects of the CRC will be replaced by an increase in the Climate Change Levy, which will be much simpler administratively and largely resolve the “split incentive” issue that has arisen in commercial lease Read More