EU Emissions Trading Scheme
Directive 2003/87/EC of the European Parliament and the Council of 13 October 2003 established a Scheme for Greenhouse Gas Emission allowance trading within the European Community.
The objective is to promote cost-effective and economically efficient reductions of greenhouse gas emissions within the Member States.
The mechanism is to set a cap on emissions from certain industries by first establishing an allocation at national level (National Allocation Plan or NAP), and then at installation level.
The first phase which runs from 2005 to 2007 will be concerned with CO2 emissions only. Phase 2 from 2008 to 2012 will include all greenhouse gases.
Sites will be able to trade allowances – i.e. to buy CO2 if the installation emits more than its allowance or sell if it has a surplus.
Penalties for not surrendering sufficient allowances to cover the emissions are:-
- Phase 1 2005-07 at 40€ per tonne
- Phase 2 2008-12 at 100€ per tonne
In Phase 1, approximately 1200 installations in the UK covering about 46% of CO2 emissions.
These include those sectors in power generation, ferrous metals, mineral industries and paper and board. In addition, any installation which has combustion plant in excess of 20MW thermal input, which will affect food, chemicals and aerospace sectors as well as large hospitals and universities.
Our service provides a comprehensive Energy Management Programme comprising:-
- Establishing baseline data to measure future performance
- Detailed energy audits to reduce consumption
- Energy monitoring to provide a trend analysis
- Energy Forums to keep you on track
- Design and project management facilities
- Capital funding for projects
|
