Companies ignoring the potential impact of the EU ETS will almost certainly incur additional energy costs.
Launched in 2005, the EU ETS works on a “Cap and Trade” basis. This means there is a “cap” on the total amount of certain greenhouse gases that can be emitted by the factories, power plants and other installations in the system. Each company has an emissions allowance.
At the end of each year, operators are required to ensure they have enough allowances to cover their installation’s emissions. They have the flexibility to buy additional allowances (on top of their free allocation), or to sell any surplus allowances generated from reducing their emissions.
Companies ignoring the potential impact of the scheme will almost certainly incur additional energy costs.
We can help you with this scheme and make sure that these potential energy costs are kept to a minimum and our expertise and experience can be extremely valuable, saving both time and money.
Contact us to find out more about how we can help you.