is a mandatory cap and trade scheme, announced in May 2007, that will apply to large non energy-intensive organisations in the public and private sectors, including hotel chains, supermarkets, banks, central government and large Local Authorities. It is anticipated that the scheme will have cut carbon emissions by 1.2 million tonnes of carbon per year by 2020. The CRC scheme will apply to organisations that have a mandatory half-hourly metered electricity consumption greater than 6,000 MWh per year. This roughly equates to an electricity bill above £500,000 (US$1,000,000), although it would apply to emissions from direct energy use as well as electricity purchased. The Green Deal The Green Deal is a policy to encourage energy efficiency improvements in the UK's building stock. It will be financed through loans attached to the energy bills of the improved properties - The green deal was dropped by government in 2015. Electricity Market Reform Electricity Market Reform is a UK programme seeking to decarbonise electricity generation in the UK by providing low carbon generators guaranteed income through a contract for difference arrangement. It is made up of 2 mechanisms: Contract for Difference (CfD) and the Capacity Market (CM). Nottingham Declaration Although not part of the central government programme, in local government, over 300 councils have signed up to the Nottingham Declaration, launched on 25 October 2000, committing them to work towards reducing emissions. See also Climate change in the United Kingdom Climate Change and Sustainable Energy Act 2006 Action on climate change List of climate change initiatives List of countries by carbon dioxide emissions Making Sweden an Oil-Free Society References Further reading External links Climate Change Programme 2006 Government Climate Change Project Office Marine Climate Change Impacts Partnership Energy Saving Trust Carbon Trust Text of the Nottingham Declaration (.doc) British Council and openDemocracy debate on the politics of climate change http://www.saveenergy.co.uk/ Climate Change Chronicles Includes frequent stories and press releases related to the UK's Climate Change policy George Monbiot, The Guardian, 30 June 2005, "Then ... and now: On November 8 1989, Margaret Thatcher shocked the UN with a speech on global warming." July 2005, Energy saving targets scrapped for housing June 2005, "London's political and business leaders come * [http://campaigncc.org Campaign against Climate Change Pressure group seeking to bring about a concerted response to climate change from government and public. Friends of the Earth The environmentalist group's view of the programme's shortcomings. DTI