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EU ETS Phase III – Monitoring, Reporting & Verification

EU ETS Phase III – Monitoring, Reporting & Verification. Andy Taylor Global Product Manager EU ETS. Bureau Veritas at a Glance. Created in 1828 A global leader in conformity assessment services in the areas of quality, health and safety, environment and social responsibility (QHSE)

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EU ETS Phase III – Monitoring, Reporting & Verification

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  1. EU ETS Phase III – Monitoring, Reporting & Verification Andy Taylor Global Product Manager EU ETS

  2. Bureau Veritas at a Glance • Created in 1828 • A global leader in conformity assessment services in the areas of quality, health and safety, environment and social responsibility (QHSE) • 2010 revenue: >€3bn • More than 900 offices in 140 countries • EU ETS Verification Body • Currently Accredited/ Licensed/ Endorsed by 15 EU Member States (Including Poland) • Currently active in all EU ETS sectors • Have verified approximately 1000 installations/ operators • IETA Member

  3. New Regulations • Revised EU ETS directive (Articles 14 & 15) requires adoption of two new regulations • Regulation on Monitoring and Reporting (M&R) • Regulation on Verification and Accreditation of Verifiers (A&V) • Will replace the current EC Decision which sets out requirements of MRV • Evolution not Revolution • Aims • Aims to improve harmonisation across EU • Enhance credibility of the Trading System

  4. Timeline • Online public consultation Closes 10th June 2011 • Final Drafts by end of June • Climate Change Committee vote September 2011 • Regulations to come into force from 31st December 2011 • M&R regulation will be applied to monitoring and reporting of emissions from 1st January 2013 • A&V regulation will first apply to the verification of 2013 annual emissions i.e. reports submitted in March 2014

  5. M&R Regulation • Based on MRG (EC Decision) and new MRG annexes (new sectors, Aviation, CCS etc) • No major technical changes, mainly reformatting to the required format of an EU regulation. • Claims: • Resolved a large number of known issues • Made approaches more consistent • Introduced simplifications where possible • Retained approaches which worked well • Significantly reduced duplications • More guidance-like text to be placed into guidance

  6. V&A Regulation • Builds on Council Regulation on Accreditation 765/2008 • Expands on and replaces the requirements of current MRG. • Has used current available standards/ guidance • MRG • ISO 14065/ 14064 part 3 • European cooperation on Accreditation guidance (EA 6/03) • ISAE 3000 • All Member States required to appoint one national accreditation body (public authority) • All verifiers required to apply/ reapply for accreditation to ISO 14065 by the end of 2013 • Single verifiers still allowed but must apply for accreditation to ISO 14065 (issues include independent technical review, verification decision, demonstration of competence) • EU ETS specific peer review between Accreditation Bodies

  7. THANK YOU FOR YOUR ATTENTION! andy.taylor@uk.bureauveritas.com

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