UK Government Urged to Simplify Carbon Accounting to Boost Innovation
The Energy Systems Catapult has called on the UK government to establish a Carbon Reporting and Innovation Office (CRIO) to streamline carbon accounting processes. The current fragmented system is seen as a barrier to innovation and investment, particularly for small and medium-sized enterprises (SMEs). The proposed CRIO would oversee emissions monitoring and unify carbon accounting across sectors, reducing costs and complexity. This initiative aims to enhance the comparability of emissions data, fostering innovation and growth in the low-carbon sector. The report suggests that the CRIO could be set up within 12-18 months with an annual budget of £2-5 million. 
