Changes to the Climate Change Agreement Scheme

Climate Change Agreement Scheme: What do these changes mean for your Business?

Following the recent DESNZ consultation which concluded in February we are expecting to see various changes in the Climate Change Agreement (CCA) scheme and how it is managed.

Within the consultation, a review set out in more detail proposals for a new 6 year CCA scheme that continues the incentive of access to reduced Climate Change Levy (CCL) rates for eligible businesses. Business can secure these cost reductions in return for delivered energy and carbon efficiency.

Having a 6-year CCA scheme, will give eligible businesses confidence in investing in longer term energy efficiency projects which are considered necessary to meet targets, but may have not historically been financially viable.

The new CCA scheme intends to have targets set to the end of 2030 and provide reduced CCL rates for those meeting their obligations until March 2033.

The application window for new entrants into the current CCA scheme is closed and although the latest correspondence for phase 3 states there will be a new entrant window, it is not known when or what will be required. It should be noted that, existing participating facilities will not automatically be transferred into the new scheme.

If you have questions on your current climate change agreements, and its management, please speak either speak with your Optimised account manager, or get in touch with one of our compliance experts below.

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