The UK Government has published draft regulations and a consultation paper (12 March 2009) on the Carbon Reduction Commitment scheme being introduced as part of the Climate Change Act 2008 to help the Government reach its target of reducing emissions by 80% by 2050 compared to a 1990 baseline. Responses must be submitted by 4 June 2009. This new cap and trade schemes will affect a wide range of organisations based on its annual electricity consumption in the UK for 2008 if it exceeds 6,000 MWh. For further details see our separate briefing note.