The European Commission proposed a legislation to significantly enhance the monitoring and reporting of greenhouse gas (GHG) emissions, in particular to meet new requirements arising from the package of EU climate and energy laws for the period 2013-2020.
Timely and accurate data on GHG emissions is vital for knowing whether the EU and its Member States are on track to meet their emission targets and for developing robust new policies to address the climate challenge
The EU and Member States already cooperate to monitor and report GHG emissions under the terms of a Decision adopted in 2004.
They produce annual GHG inventories which are used to assess progress towards meeting Kyoto Protocol emission targets. They also gather and publish information on GHG projections and on their policies and measures to reduce emissions.
The current rules are largely based on the requirements arising from the Kyoto Protocol. The proposed new Regulation enhances this monitoring and reporting mechanism in line with the requirements of the 2009 climate and energy package.
It goes a step beyond Kyoto in providing greater transparency in the data and information provided and ensuring compliance with the EU’s climate change commitments.
Specific monitoring and reporting provisions for companies related to emissions from installations covered by the EU emission trading system (ETS) are being introduced through separate implementing legislation.