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Carbon emissions trading schemes and energy efficiency

Information about government measures intended to tackle climate change and encourage UK businesses to save energy and reduce carbon dioxide emissions

Important changes to electronic payments: Our bank details have changed

If you want to pay for your permit or licence application by electronic transfer please use the information below to make your payment. 

Company name:           Natural Resources Wales

Company address:       Income Department, PO BOX 663, Cardiff, CF24 0TP

Bank:                           RBS

Address:                      National Westminster Bank Plc, 2½ Devonshire Square, London, EC2M 4BA

Sort Code:                    60-70-80

Account number:         10014438 

Do not use the details given in our permit/ licence application forms and guidance if they are different to the ones above.

We will update our forms as soon as possible, but please use the new information when making electronic payments from now on.

Note: Waste mobile plant deployment application forms have been updated with the new information. 

Making payments from outside the UK

These details have changed.

If you are making your payment from outside the United Kingdom (which must be received in sterling), our IBAN number is GB70 NWBK6070 8010 014438 and our SWIFT/BIC number is NWBKGB2L. 

Send us your payment details by email

Please email your payment details and payment type details (such as ‘Waste Variation’ or ‘Water Quality New’) to banking.team@naturalresourceswales.gov.uk or banking.team@cyfoethnaturiolcymru.gov.uk or fax it to 0300 065 3001.

You must include your company name and invoice number. Where possible, please also submit a remittance advice. This will ensure accurate processing of your payment. 

You should still include the BACS payment reference on the application form itself.

If you do not quote your payment reference number, there may be a delay in processing your payment and application.

Schemes in the package

The package of carbon emission trading and energy efficiency schemes include:

  • the EU Emissions Trading System (EU ETS)
  • the CRC Energy Efficiency Scheme (CRC)
  • Energy Savings Opportunity Scheme (ESOS)
  • the Climate Change Agreements (CCA)

Who regulates the schemes?

Natural Resources Wales is the regulator for Welsh participants in the schemes, with the exception of CCA, which is regulated entirely by the Environment Agency. Natural Resources Wales is responsible for compliance and enforcement of the EU ETS, CRC and ESOS for Welsh participants. For the EU ETS, we are also responsible for administrative aspects of the scheme such as permitting, and the provision of detailed advice and guidance. 

Our role in the schemes

In general, the role of Natural Resources Wales can be categorised as:

  • EU ETS: compliance, enforcement, permitting (issue, variation, transfer and surrender of GHG Permits) and provision of advice and guidance
  • CRC: compliance and enforcement, and provision of advice on Wales-specific issues
  • ESOS: compliance and enforcement
  • CCA: we have no direct role, as the scheme is entirely administered by the Environment Agency

Scheme registration

The Environment Agency continue to host and administer the registration systems for all schemes, and Welsh participants should continue to utilise these UK wide systems to enable compliance. 

Natural Resources Wales also plays its part in developing the policy that supports these schemes, and utilises emission data to support Welsh Government targets. 

Why do we need the schemes?

In recent years, the climate change policy landscape covering carbon dioxide and other greenhouse gas emissions in the UK and Europe has changed dramatically. The UK government has an ambition to reduce greenhouse gas emissions to mitigate the effects of climate change. It has made a legal commitment to cut the UK’s greenhouse gas emissions by at least 80% (from the 1990 baseline) by 2050.

Emission targets in Wales

The Welsh Government has a target to reduce greenhouse gases emissions in Wales by 3% every year in areas of devolved competence, against a baseline of average emissions between 2006-10. The target includes all ‘direct’ greenhouse gas emissions in Wales except those from heavy industry and power generation, which are broadly defined as those installations covered by the EU ETS. 

The Welsh Government also want Wales to achieve at least a 40% reduction in total greenhouse gas by 2020 compared to figures from 1990. The 40% target relates to all greenhouse gas emissions in Wales, not just those in areas of devolved competence, ie it includes the EU ETS traded sector.

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