How does the CAMEO burden sharing scheme work?
It is a simple and transparent process which enables the cost, or burden, of abating to be shared across the sector.
As some crematoria are abating more, and others less than the required 50% target, trading is able to take place between the two groups.
Those which have abated more than 50% can sell the excess mercury abated cremations to those which have abated less than the target. Those who have abated derive an income, and those who have not share the financial burden.
It is not practical to identify and pair individual crematoria with excess abated cremations, with others seeking to burden share precisely the same amount.
Therefore the CAMEO scheme operates a trading pool. All the tradable mercury abated cremations (Tmacs) from the Contributor Members are placed in a pool. Burden Sharing Members are then able to purchase the number required from the Pool. When annual trading is complete the total income received from the Burden Sharing members is shared amongst the Contributor Members.
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When trading is complete the Contributor and Burden Sharing Members receive the CAMEO Compliance Certificate to meet the requirements of the Ministerial Direction 2010 and in accordance with their operating permits.
Finally audited accounts of the trading process are published to all members.
- Provides the only national burden sharing scheme
- Includes abated and non abated crematoria members
- Simple, transparent pricing and trading model
- Not for profit company
- Recognised by Defra
- Provides sector data to Defra Welsh Government and SEPA
- Issues Compliance Certificates
- Registers independent burden sharing schemes