Law 4936 (Government Gazette A 105 / 27.05.2022), also known as the National Climate Law, introduced a framework for the transition of energy consumers to climate neutrality, as well as their adaptation to climate change. Among other, it sets compliance obligations to specific categories of organizations, as follows:
Local Government Organizations (OTA):
Obligation to plan, publish data, and reduce their carbon footprint.
Municipalities are obliged to draw up in 2023, revise every five years, and monitor annually, a Municipal Emission Reduction Plan (MERP). The MERP calculates the carbon emissions of the Municipality and defines actions to reduce such emissions. The MERP is monitored annually with a progress report drawn up by 31 March of each year. Municipalities must reduce their 2025 emmissions by 10% and their 2030 emmissions by 30%, compared to 2019.
Kyoto Economics can undertake the preparation of both the MERP and the annual progress report.
Installations with Environmental Permit:
Obligation to plan, publish data, and reduce or offset their carbon footprint.
The facilities defined in Article 19 of the Law, i.e. installations with specific environmental permit ibligations, such as environmental infrastructure, tourist facilities, urban development projects, poultry farms, aquaculture, and industrial facilities, are obliged to reduce or offset their 2030 emissions by 30% compared to 2019. By the end of 2025, the above entities must submit a report to reflect how they will achieve such objective, and then annual reports on their progress.
Kyoto Economics undertakes the preparation of both the initial report and the progress reports and provides the necessary services for the compliance of the facility with the 30% reduction target, in accordance with the provisions of the Law.
Large Enterprises:
Obligation to plan, publish data, and voluntarily reduce or offset their carbon footprint.
The large enterprises defined in Article 20 of the Law, i.e. companies listed on the Stock Exchange, banks, insurance companies, investment firms, fixed and mobile telephony companies, water and sewerage companies, courier companies, electricity and gas suppliers, retail stores which employ more than five hundred (500) employees, logistics businesses and urban transport companies, must submit, by 31 October 2023, and thereafter update annually, a report on their carbon footprint for the reference year 2022. Voluntary targets and actions to reduce or offset emissions should be included in the report.
Kyoto Economics undertakes the preparation of both the initial report and the annual progress reports and provides the necessary services for the voluntary reduction or full neutralization of the carbon footprint of the above companies.
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