The EU Climate

 Businesses and energy businesses have a responsibility to project a professional and responsible image with regard to the control and monitoring of greenhouse gases and their impact on the environment. This has been a compliance issue for the energy industry, and now it has formally become part of the Agenda for Enterprise Environmental Protection. greenhouse gas emissions must now be reported quarterly to the EU Commission for Climate Action (ECCA) as part of the EU Taxonomy explained. If these emissions are not reported accurately, then they may be the subject of legal action.

The European Climate Action Fund announced the launch of the EU Taxonomy, but what is the EU Taxonomy? The EU Taxonomy explained here is a system introduced by the European commission, which aims to give a clear definition of what it takes to make a business sustainable, which works together with similar legislation on reducing emissions.

As part of the EU Taxonomy, the EU Budget 2009 has allocated EU funds to projects and activities that reduce greenhouse gas emissions. Opportunities exist to claim experience with environmental projects, with flexible reporting dates during the course of your reporting.

Taking the common good as an example, the objective of the EU Taxonomy explained is to return a measurable cost savings at each level of an energy or gas supply chain. From the production of gas to the installation of the pipelines, installing oil and gas infrastructure, designing and using new installations, owners and operators have a responsibility to reduce greenhouse gas emissions.

Although this initiative is not mandatory for any business, the Carbon Trust has stated that if one is unwilling to adopt greenhouse gas reduction policies, then they must find an alternative service to provide, rather than pass them on to the community. The goal of the EU Taxonomy explained is to reduce the cost of energy generation, lower the cost of greenhouse gas emissions, improve the resilience of energy providers and find other improvement methodologies to reduce greenhouse gas emissions.

Indeed, when looking at which projects and activities to invest in to help achieve the objectives of the EU Carbon Trust, the UK Carbon Trust highlighted that large companies and industry, such as oil and gas, have a responsibility to follow strict and robust rules as the EU Taxonomy explained, ensuring that greenhouse gas emissions and their impact to the environment during its lifetime as a business is kept to a minimum.

In order to meet the EU’s climate and energy targets for 2030 and reach the objectives of the EU’s green agenda, it is vital that we direct investments towards solar installation projects and programmes, in order that they use, convert and produce green energy.

Although projects like wind farms cannot be fully Tag tobacco challenged as a commercially viable service, many other energy projects within the oil and gas industry such as the gas pipelines that reach Europe or the gas storage and processing units at Cirlinders in the North Sea can already be reported as fully Tag tobacco challenged.

Dr. Andrew Wigford, Director of the Carbon Trust and EU Taxonomy explained that the cap and trade system is an ideal place to build energy projects. "It is vital that the industry plays its part in reducing carbon emissions, given that too many of our growing companies appear to have both cars and cars, and gas, running on electricity, which has a particularly valuable utility."

The Carbon Trust has asked oil and gas companies to be more proactive in reducing their greenhouse gas emissions as the EU Taxonomy explained, as part of its programme of voluntary disclosure of carbon emissions to the EU Commission for Climate Action (ECCA).

The message you have to take from these examples is to understand and demonstrate priority in environmental protection in all your activities and projects, and to minimize greenhouse gas emissions at risk. If we all play our part we can make the EU's climate and energy commitments in 2009 a reality.