Tuesday, 15 November 2011

UK government seen backing mandatory carbon reporting

The UK government is to decide by the end of the year whether to make greenhouse gas emissions reporting mandatory – and observers are hopeful that it will compel at least the largest companies to report on their carbon emissions.
The issue was put on the regulatory table by the previous administration’s Climate Change Act, passed in 2008, which charged the government with making reporting mandatory, or explaining to Parliament why it has not done so, by 6 April 2012.

The coalition government has been consulting on the issue, and is considering whether to make reporting mandatory for all large companies, all quoted companies, or all large corporate energy consumers.

Supporters of corporate reporting fear that ‘no’ would seem the likely answer, since the idea was conceived by a Labour government, and the current Conservative-Liberal Democrat government has expressed its intention to lighten the regulatory burden upon business.

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