<p>The EU Emissions Trading System (EU ETS) incentivises participants to reduce emissions, putting a price on carbon by placing a cap on total EU greenhouse gas emissions from the power and industrial sectors and enabling trading of allowances to ensure emissions reductions are delivered cost efficiently.</p><p>The UK has also introduced a carbon price floor designed to top up the EU ETS carbon price to a target minimum level for the UK electricity generation sector, which sends an early and credible signal to drive investment in low-carbon electricity generation.</p><p>The UK's CRC Energy Efficiency Scheme (CRC) is designed to encourage large public and private sector organisations to reduce their emissions through energy efficiency. Energy companies have non-power generating emissions captured by the CRC.</p><p>The CRC is intended to change corporate behaviour, by increasing corporate awareness of energy usage and improve energy management.</p>