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European Emissions Trading Scheme Manual No. 1 Guide on Monitoring and Reporting Version 1.0 (October 2005) List of content Page Preface 04 Part I Introduction 05 Part II Monitoring 09 Part II-A Formats/forms
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The European Emissions Trading Scheme (EU ETS) is a cap-and-trade system designed to reduce greenhouse gas emissions in the European Union member states.
Companies operating in certain industries such as power generation, aviation, and manufacturing, that exceed a certain emissions threshold are required to participate in the European Emissions Trading Scheme and file relevant reports.
The process of filling out the European Emissions Trading Scheme involves calculating and reporting the amount of greenhouse gas emissions produced by a company, submitting the necessary documents and data, and complying with the relevant guidelines and regulations provided by the European Union.
The purpose of the European Emissions Trading Scheme is to create a market-based approach to reducing greenhouse gas emissions by placing a cap on the total amount of emissions allowed and allowing companies to trade emission allowances among themselves.
Companies participating in the European Emissions Trading Scheme are required to report information such as their total greenhouse gas emissions, emissions allowances held, and any transactions or transfers of allowances.
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