European Union Emissions Trading Scheme (EU ETS)
Allocated carbon allowances under the EU Emissions Trading System? We can help you report.
Our EU ETS service will support your entire compliance journey
We provide an all-encompassing EU ETS service. From initial meeting right through to improvement reporting, we will support you through your entire compliance journey. The EU ETS Compliance Management Service from EIC provides you with:
- A dedicated Carbon Consultant, who will guide you through the process
- Advice on the compilation of a clear, accurate and complete audit trail
- Energy Legislation compliance
- Advice on whether or not you would need to buy allowances
- Formal Internal Audit and Report
- Permit Variations
- Capacity / Cessation changes
- Verification support
- Union Registry management
- Advice on further actions required
The European Union Emissions Trading Scheme (EU ETS) started in 2005 and is the world’s largest carbon-trading scheme. It was introduced to help the EU meet its targets under the Kyoto Protocol which stipulates an 8% reduction in greenhouse gas emissions from 1990 levels. Organisations that meet the qualification criteria – typically large combustion sector and manufacturing processes – are obligated to take part.
The scheme works on a ‘cap and trade’ basis, so there is a ‘cap’ or limit set on the total greenhouse gas emissions allowed by all participants. This cap is converted into tradable emission allowances and provides an incentive for installations to reduce their carbon emissions, giving them the opportunity to sell their surplus allowances.
Participants in the carbon market are allocated traded emissions allowances via a mixture of free allocation and auctions. For each one allowance, the holder has the right to emit one tonne of CO2 (or its equivalent).
Those covered by the European Union Emissions Trading Scheme (EU ETS) must monitor and report their emissions each year and surrender enough allowances to cover their annual emissions.
The Government has directed the Environment Agency (EA) to proceed with preparations for the next phase of emissions trading which will operate from 2021 – 2030. Due to ongoing Brexit negotiations the full detail of the future scheme is not yet known.
In preparation for future reporting, the EA has notified participants in EU Emissions Trading Scheme (ETS) Phase 3 that the data collection exercise, National Implementation Measures (NIMs), will take place between January 2019 and September 2019. There is a requirement to benchmark participants in the ETS to ensure a fair and equitable distribution of free carbon allowances. The NIMs is a method of benchmarking the emissions of participating installations.
Why choose EIC?
EIC has a team of dedicated Carbon Consultants and Data Analysts who are able to offer you this service at the highest level. Our expert team will:
- Completely take care of this for you, giving you the time to concentrate on running your business
- Provide you with essential guidance and support to make life simpler for you
- Interpret the legislation for you to avoid confusion
- Inform you on any legislative changes that may affect your organisation
- Help you to become more energy efficient which can reduce your consumption, lower your carbon emissions, and save you money
- Provide you with peace of mind and reassurance that your compliance is in safe hands
Learn more about how we can support your EU ETS compliance efforts