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UK government to drive giant corporations to report CO2 emissions from April 2019

LONDON (Reuters) – The British government will drive giant corporations to report their vitality use, carbon dioxide emissions and vitality effectivity measures of their annual experiences from April subsequent yr, it stated on Wednesday.

FILE PHOTO: People solid lengthy shadows within the winter daylight as they stroll throughout a plaza within the Canary Wharf monetary district of London, Britain, January 17, 2018. REUTERS/Dylan Martinez/File Photo

The government stated it desires companies and trade to enhance vitality effectivity by at the least 20 p.c by 2030.

A earlier company reporting scheme, referred to as the CRC Energy Efficiency Scheme, was too complicated for companies and shall be closed. The new framework will simplify and streamline reporting necessities.

“The government has decided that the new framework will apply to all quoted companies and apply to large UK incorporated unquoted companies and large LLPs (limited liability partnerships) with at least 250 employees or annual turnover greater than 36 million pounds ($47 million) and annual balance sheet total greater than 18 million pounds,” the division for Business, Energy and Industrial Strategy stated in an announcement.

Reporting by Nina Chestney; Editing by Adrian Croft

Our Standards:The Thomson Reuters Trust Principles.

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