In 2008 the UK became one of the first countries in the world to
pass legislation aimed at cutting carbon emissions and managing
climate change. The introduction of the Climate Change Act 2008 led
to a huge drive across the country to address environmental issues
and committed the Government to maintain momentum via provisions
requiring the passing of regulations to enforce reporting
requirements by companies on their greenhouse gas emissions. These
regulations are now coming into focus.
Following a consultation earlier
this year, the Government has announced plans to require UK quoted
companies to report their greenhouse gas emissions. The Department
for Environment, Food and Rural Affairs (Defra) is now running a
consultation on the draft regulations which, if passed, will mean
companies must start reporting in 2014.
