This is the text of the Comprehensive Spending Review document on the CRC:
” The CRC Energy Efficiency scheme will be simplified to reduce the burden on businesses, with the first allowance sales for 2011-12 emissions now taking place in 2012 rather than 2011. Revenues from allowance sales totalling £1 billion a year by 2014-15 will be used to support the public finances, including spending on the environment, rather than recycled to participants. Further decisions on allowance sales are a matter for the Budget process.”
The Environment Agency website directs you to this statement but the DECC website has not been updated at all. That leaves speculation – and there’s a lot of that on the online forums.
Anthony Day presented his own commentary on the changes at the Low Carbon Best Practice Exchange in Harrogate on 10th November. Listen to the podcast.