WHAT IS THE IMPERATIVE?

The EU Emissions Trading Scheme (EU ETS) came into effect on 1 January 2005.
The Scheme imposes a legal obligation on your business to meet prescribed emission targets. The cost of complying with the Scheme could run into millions of euros - the cost of not complying with the Scheme could run into hundreds of millions of euros.

In short, the EU ETS creates significant risks and opportunities for your business - are you prepared?

  • Are you confident that you will comply with your obligations under the Scheme?
  • Are you confident that a multi-million euro liability is being properly managed?
  • Are you selecting the most cost-effective measures to reduce emissions?
  • How much could you save by making better informed decisions?
  • How do you keep track of your emissions and reconcile these with your obligations?
  • Who is responsible for managing your liability and how much of their time will it take?
COMPLY WITH THE EU ETS

CarbonSim and LogicaCMG offer companies a full business solution, encompassing practical software tools as well as strategic consulting services.

PRACTICAL SOFTWARE TOOLS

EMISSIONS logic is tailor made to address the requirements of the EU ETS. It allows companies to:

  • quantify your emissions using any of the approved EC methodologies;
  • keep track of your eligible allowances under the EU ETS;
  • access a knowledgebase of country-specific emission, oxidation and energy content factors;
  • generate your compliance report at the end of each year;
  • reconcile your compliance position and allowances with individual registry accounts;
  • generate the information you need to comply with IFRIC accounting standards;
  • demonstrate progress towards meeting your obligations and managing your risks;
  • make available a transparent and robust audit trail for auditing and verification by third parties;
  • demonstrate that you have in place a suitable monitoring plan; and
  • manage multiple languages and currencies.

For more information on how EMISSIONS logic can help your company manage its obligations under the EU ETS, contact us at contact@carbonsim.com.

STRATEGIC CONSULTING SERVICES

In order to respond to the challenges created by the climate change policy in general, and the EU ETS in particular, your business will need to:

  • understand the business implications and financial impacts of the EU ETS, how the EU ETS will affect your operations and those of your competitors, suppliers and customers and how best your business can manage and respond to these impacts.
  • ensure that your energy and emissions data complies with the requirements of the EU ETS, identify, evaluate and cost any emission reduction options, and build knowledge across the company’s various businesses.
  • understand the new CO2 market and how this market will evolve in the medium and long term, what the demand and supply characteristics are likely to be and what the forward price curve will look like, and how CO2 will interact with other commodities, like electricity, coal and natural gas.
  • develop new trading strategies and risk management strategies for CO2 and extend existing trading and risk management systems to accommodate front and back-office trading in CO2.
  • understand how international climate change policy is likely to evolve, the interaction between climate change policy and other energy, markets and environmental regulations and the future direction of the EU ETS.

CarbonSim and LogicaCMG are recognised leaders in this field; we have the track record, the specialist skills and the business knowledge to help your business prepare for the EU ETS, now.

For more information on our consulting services, contact us at contact@carbonsim.com.
LogicaCMG CarbonSim