Cost of failure to meet climate change agreement targets rises

BEIS is to raise the penalty fee for sites in CCAs gaining relief from the climate change levy that fail to meet energy efficiency or carbon reduction targets

Participants in sectors wth CCAs such as glassmaking will pay 15% more in buy-out fees if they fail to reach energy efficiency or carbon reduction targets from 2017. Photograph: 123RFParticipants in sectoral climate change agreements (CCAs) will have to pay 15% more fees for failing to meet greenhouse gas mitigation targets.

The change announced on 9 December concerns the buy-out price, effectively a penalty for exceeding emissions or failing energy efficiency targets set in consultation with BEIS in exchange for a discount on the climate change levy (CCL)

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