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Carbon Trust
The Carbon Trust is a consultancy established in March 2001, with offices across the world. Its aim is to accelerate the pace of private and public sectors decarbonisation and increase energy efficiency in organisations worldwide.
The Carbon Trust was originally funded by around £50m of UK tax revenue generated from the Climate Change Levy (CCL), a tax on business energy use. The Carbon Trust's initial goal was to help businesses reduce energy costs and therefore offset the additional cost of paying the CCL. The establishment of the Carbon Trust was announced in the 2000 UK White Paper "Climate Change - the UK Programme" (Cmd 4913).
The Carbon Trust was conceived as a business-led, publicly funded organisation operating at arm's length from the UK government. The early concept, design, and governance were carried out in close consultation with business. Senior officials from the Devolved Administrations and the UK department (the Department of the Environment, Transport and the Regions) would sit on the Trust's Board, where non-business non-executive Directors were in the majority. However, the chair, CEO and most of the executive team were appointed from the private sector, most notably the oil and gas and management consultancy sectors. Founding CEO Tom Delay previously worked at Shell for 16 years before beginning his 22-year tenure as CEO of the trust.
In July 2023, Delay announced his retirement from his role as CEO of the Carbon Trust. In January 2024, the Carbon Trust appointed Chris Stark, former head of the UK Climate Change Committee, as CEO, with Stark's term beginning in Spring 2024. Stark resigned after three months to take up a role in government and was replaced by COO Michael Rea.
Source:
The Trust began its work with three core activities:
The need to recycle CCL revenues back to business by reducing energy costs through energy efficiency was a key early driver of the Carbon Trust's work. Its first act was to take over the UK government's £17m pa Energy Efficiency Best Practice Programme (EEBPP) in 2002, a UK-wide information-based measure providing independent advice and support on existing energy efficient technologies and energy management practices.
The Trust reconfigured the EEBPP to improve its focus and services to business under a new branding called "Action Energy".
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Carbon Trust
The Carbon Trust is a consultancy established in March 2001, with offices across the world. Its aim is to accelerate the pace of private and public sectors decarbonisation and increase energy efficiency in organisations worldwide.
The Carbon Trust was originally funded by around £50m of UK tax revenue generated from the Climate Change Levy (CCL), a tax on business energy use. The Carbon Trust's initial goal was to help businesses reduce energy costs and therefore offset the additional cost of paying the CCL. The establishment of the Carbon Trust was announced in the 2000 UK White Paper "Climate Change - the UK Programme" (Cmd 4913).
The Carbon Trust was conceived as a business-led, publicly funded organisation operating at arm's length from the UK government. The early concept, design, and governance were carried out in close consultation with business. Senior officials from the Devolved Administrations and the UK department (the Department of the Environment, Transport and the Regions) would sit on the Trust's Board, where non-business non-executive Directors were in the majority. However, the chair, CEO and most of the executive team were appointed from the private sector, most notably the oil and gas and management consultancy sectors. Founding CEO Tom Delay previously worked at Shell for 16 years before beginning his 22-year tenure as CEO of the trust.
In July 2023, Delay announced his retirement from his role as CEO of the Carbon Trust. In January 2024, the Carbon Trust appointed Chris Stark, former head of the UK Climate Change Committee, as CEO, with Stark's term beginning in Spring 2024. Stark resigned after three months to take up a role in government and was replaced by COO Michael Rea.
Source:
The Trust began its work with three core activities:
The need to recycle CCL revenues back to business by reducing energy costs through energy efficiency was a key early driver of the Carbon Trust's work. Its first act was to take over the UK government's £17m pa Energy Efficiency Best Practice Programme (EEBPP) in 2002, a UK-wide information-based measure providing independent advice and support on existing energy efficient technologies and energy management practices.
The Trust reconfigured the EEBPP to improve its focus and services to business under a new branding called "Action Energy".