“The Verkhovna Rada adopted the law “On Amendments to Certain Legislative Acts of Ukraine Regarding Resumption of Monitoring, Reporting, and Verification of Greenhouse Gas Emissions.””, — write: epravda.com.ua
The Verkhovna Rada adopted the law “On Amendments to Certain Legislative Acts of Ukraine Regarding Resumption of Monitoring, Reporting, and Verification of Greenhouse Gas Emissions.” This was announced by the first deputy head of the Verkhovna Rada Committee on Tax and Customs Policy Yaroslav Zheleznyak. The relevant bill No. 12131 was supported by 298 deputies in the second reading at the meeting on Wednesday. “This is part of the Ukraine Facility Plan,” said Zheleznyak. Advertising: According to the explanatory memorandum of the draft law, enterprises that emit greenhouse gases will once again be required to submit reports on their emissions. The monitoring and reporting system was implemented in Ukraine from 2021, but due to martial law, it became voluntary. The restoration of the mandatory system will allow Ukraine to take the first step towards creating a system of trading quotas for greenhouse gas emissions.Advertisement: Enterprises that exceed emission limits will be forced to submit reports on their emissions in accordance with the requirements of the draft law. After the implementation of the quota trading system, companies that exceed emission standards may be required to buy quotas or pay fines. Read also: Abnormal heat and two harvests per season: how global warming will affect the economy