BEIS has just published the report on evaluation of the second Climate Change Agreements (CCA) scheme. The CCA scheme is a voluntary scheme for firms in certain energy and trade-intensive industry sectors, which offers discounts on the Climate Change Levy (CCL) in exchange for firms meeting targets for carbon or energy efficiency improvements (or making ‘buy-out’ payments if targets are missed). Forming part of the Government’s Clean Growth Strategy, the scheme aims to support the retention of energy-intensive industries in the UK while improving the energy efficiency of these industries. The second CCA scheme started in 2013 and an extension of the scheme was announced in the recent Government budget.
CAG Consultants led the evaluation of the second Climate Change Agreements scheme on behalf of BEIS, in partnership with Winning Moves, University College London and Cambridge Econometrics, with Verco and Strategy Development Solutions as advisers. This was a complex, theory-based evaluation involving micro-econometric analysis and macro-economic modelling, as well as qualitative and quantitative research and analysis of CCA scheme data.
Follow the link to read more about the findings and to access the full suite of reports.