What is EU ETS?
The EU ETS involves the allocation and trading of greenhouse gas (GHG) emission allowances throughout the European Union with caps set by each member state. Allowances are then distributed to each installation covered by the scheme.
EU ETS requires each eligible installation to produce an annual emissions report, which needs an independent verification report submitted to the relevant Regulator between 28 February and the end of March each year (deadline dependent on the Member State in which the installation operates). The report verifies emissions for the previous calendar year; with allowances equal to the verified emissions then surrendered.
Benefits of EU ETS
• Show your stakeholders that you are committed to meeting GHG emissions targets
• Reduce costs by selling surplus credits
• Identify gaps and mitigate the risk of non-compliance
Need help with EU ETS?
LRQA’s independent third-party verification can help you meet your mandatory reporting requirements. We were one of the first verification bodies to gain accreditation for EU ETS, and our two-stage verification enables us to minimise your risk of non-compliance while reducing disruption to your operations. We provide the following services:
• EU ETS Annual verification
• EU ETS Baseline Verification
• EU ETS New Entrant Report Verification
• EU ETS Allocation Level Report Verification
• Closures and rationalisations.