Commission Implementing Regulation (EU) 2023/2122 of 17 October 2023 amending Implementing Regulation (EU) 2018/2066 as regards updating the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council

Following the publication of a corrigendum to the implementing regulation (EventID 23475), an entirely new version of Commission Implementing Regulation (EU) 2023/2122 as regards the monitoring and reporting of greenhouse gas (GHG) emissions for purposes of efficient and adequate calculation and reporting of GHGs and the application of an appropriate emission trading scheme was published in the Official Journal (OJ) of the EU. As noted before, the implementing regulation modifies Commission Implementing Regulation (EU) 2018/2066 in same context primarily to align the regulation with recent regulatory amendments in other legislation, establish a new emissions trading system (ETS) for specific fuel industries, and adopt provisions to take a more proportionate approach towards GHG reporting and monitoring requirements.
Due to the fact that we have already reported details on the new regulation in above noted Event, we refrain from repeating the enclosed summary to avoid redundant information. However, in brief, the regulation introduces new reporting obligations for municipal waste incineration installations, specifies rules for biomass GHG reporting, sets a reference price of €80 per allowance for the cost-benefit analysis for determining unreasonable costs to apply specific GHG emission monitoring methodologies, and creates a distinct ETS for building, road transportation, and other sectors. It also outlines monitoring and reporting rules for these fuels, clarifies carbonates monitoring obligations, defines tiers for fuel stream calculations, and adds various annexes for reporting purposes. The regulation also includes provisions on the enforcement powers of national competent authorities.