Perhaps it is going to be scrapped.
“The Carbon Reduction Commitment was established by the previous Government. It is cumbersome, bureaucratic and imposes unnecessary cost on business. So we will seek major savings in the administrative cost of the Commitment for business. If those cannot be found, I will bring forward proposals this autumn to replace the revenues with an alternative environmental tax.”
Budget 2012 statement by the Chancellor of the Exchequer, the Rt Hon George Osborne MP.
Hold fire on that drafting….