One of the three greenhouse gas reduction mechanisms foreseen in the Kyoto Protocol is the establishment of an emissions trading scheme. The European Union launched emission trading on January 1, 2005. Thousands of (very heavy) high energy companies are involved in it.
The emissions trading scheme is based on a greenhouse gas emission report of the operator of the installation. The report is verified by an accredited verifier. The operator of the installation submits a verified greenhouse gas emission report to the competent ministry by March 31 each year, thereby obtaining the right to trade allowances.
SIQ is an accredited verifier of greenhouse gas emission reports (accreditation document P-002).