Recent changes announced in the 2010 comprehensive spending review have changed the scheme to act as a levy on carbon emissions, at least in the short term.
This paper – one of a series of climate change guides from KPMG – discusses some of the possible causes and consequences of the scheme’s evolution and the implications on the estimated 14,000 organisations originally affected by it.
This is based on analysis of legislation during the last four years, and experience of educating the boards of nearly 400 clients and working directly with more than 60 scheme participants to help them ensure they comply and perform in the scheme.