There are 3 potential benefits if you beat your milestone target:

• Firstly, you will make cost savings for the reduced level of energy purchases;
• Secondly, you will make an extra improvement to your environmental impact and,
• Thirdly, you can benefit financially from your good progress through Emissions Trading. This is a mechanism that allows reductions in emissions to be transferred from one site to another, rather than requiring each facility to make the same reduction. Thus if a site exceeds one of its milestone targets it may be possible to sell the benefits of the extra CO₂ reduction to a site that has failed to meet its target.

You can trade emissions with any Participant in any Climate Change Levy CCLA. That means that you could trade with:

• Another site in your own company.
• Another site within the Master Bakers CCLA.
• A site within another agreement (e.g. a cement plant or steel works).

You may also be able to trade with companies in a proposed UK "absolute trading scheme". Further details about emissions trading are in Information Sheet 9.