The increasing ambitions towards net zero stipulated by the Paris Agreement, the EGD and via voluntary targets from companies, implies that accounting and complying for indirect emissions will play an ever-increasing role in achieving these pledges.
From the regulatory standpoint, the EU compliance obligations have largely focused on Scope 1 emissions, with the main policy instrument to drive decarbonization being the EU ETS. A holistic view on how Scope 3 emissions are addressed and accounted for has been lacking. While there are voluntary Scope 3 GHG reporting methods and initiatives, there are very few mandatory compliance systems in place.
ERCST will hold a discussion session on Tuesday, January 26th, 2020 on the role of Scope 3 in decarbonisation and compliance. This meeting will be an opportunity to engage in open discussion with a group of stakeholders on the key issues identified on how Scope 3 emissions should be treated, what role they will play in the drive towards decarbonization, and identify those questions and issues which merit further analysis.