Common Contracts
1 similar null contracts
What is a climate change agreement?September 11th, 2014
Climate change agreements (CCAs) are negotiated arrangements between government and energy intensive sectors. Around 50 sectors are already covered and the CCA scheme has been running since about 2001. In return for a reduction in some carbon taxes, participants are given energy efficiency targets. These targets are sector-specific so they can be focused exactly where they can deliver the most benefit. Because CCAs accommodate growth by focusing on energy efficiency instead of net reductions, they are particularly suited to drive efficiency improvements in sectors like data centres that are energy intensive, growing fast, and vulnerable to overseas competition.
