Technology and manufacturing giant Honeywell has teamed up with energy and environmental consultancy Inenco to help UK firms develop a carbon reduction commitment (CRC) strategy to comply with CRC Energy Efficiency Scheme.

The CRC Energy Efficiency Scheme is a mandatory carbon ‘cap and trade’ scheme, part of a government scheme to reduce carbon emissions by 80% by 2050.

Honeywell said it will manage the entire process for the firms.