Climate Action

EU ETS: Commission proposes two draft regulations on monitoring, reporting and verification

Didcot Power Station in Oxfordshire, England © iStockphoto

The European Commission has submitted to the Climate Change Committee two draft regulations, one for monitoring and reporting and one for accreditation and verification in phase 3 of the EU Emissions Trading System.

These regulations form part of a series of implementing provisions (auctioning regulation, benchmarking decision etc.) that need to be put in place ahead of the start of the third trading period in 2013.

The submission of these draft regulations has been preceded by extensive stakeholder consultation.