Ofgem Energy Industry Voluntary Redress Scheme launches its new Carbon Emissions Reduction Fund. The fund will support charity initiatives that reduce the climate change impact associated with energy use.
Managed and delivered by Energy Saving Trust, the Energy Redress Scheme collects voluntary payments from energy companies that may have breached rules to compensate the effects on energy consumers that may have been affected. In line with Ofgem’s strategic approach, this fund looks to meet the challenge of achieving net zero greenhouse gas emissions by 2050.
The first round of the Carbon Emissions Reduction Fund contains £1 million and is open to charities in England, Scotland and Wales. The Carbon Emissions Reduction Fund aims to benefit all domestic energy consumers, not only those in vulnerable situations. The fund awards grants between £50,000 and £500,000 to projects that meet the following criteria:
- demonstrate measurable and lasting reductions in the carbon intensity of energy end use and accelerate the transition to net zero carbon
- show a realistic prospect of delivering broadly replicable benefits to existing and/or future energy consumers
- proved to be efficiently managed throughout the project
Charities that are registered with the Energy Redress Scheme and have passed the due diligence process are eligible for application. Those interested in applying are encouraged to register by Thursday 14 January 2021.
The closing date for applications is 5:00pm on Thursday 11 February 2021.