CORPORATE CHALLENGES IN GREENHOUSE GAS REPORTING UNDER THE EUROPEAN UNION LOW CARBON ROADMAP

Achieving the EU goals and pledges in reducing the greenhouse gases will be a major challenge for all the member countries and their private sectors. The long term goal of reducing emissions by 80 to 95% until 2050 with the 1990 baseline year will require all the players involved to do their share. Currently, the regulatory and market pressures are influencing companies to report and take actions when it comes to emissions. Still, in many cases, the whole process is done on a voluntary basis. Having in mind the source of emissions, private companies will have to be leaders in this process. With the introduction of a stricter regulatory framework, many corporations will face challenges in adapting to the change.