As part of this consultation stakeholders were invited to submit answers to a questionnaire and to send position papers regarding the review of the EU Monitoring & Reporting Guidelines until mid April 2005.
The Commission then invited interested parties to attend a Stakeholder Day dedicated to the review of the EU Monitoring & Reporting Guidelines in Cologne on 12 May 2005. The Stakeholder Day was jointly sponsored by the International Emissions Trading Association (IETA) and the Commission.
More than 120 participants from industry, government and non-government organisations across Europe attended the Stakeholder Day and discussed the most relevant issues which evolved from the written stakeholder consultation. The programme involved stakeholder presentations in several technical and cross-cutting sessions.
Starting in June 2005 the Commission will inform the public and Member States about the key results of the stakeholder consultation and start to develop recommendations to inform the discussion on possible changes and amendments of the EU Monitoring & Reporting Guidelines which are expected to come into effect before 1 January 2007. These revised EU Monitoring & Reporting Guidelines will also consider any relevant changes to Directive 2003/87/EC ("The EU Emissions Trading Directive").