This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La mitad de las empresas europeas no están preparadas para el mercado de emisiones
Half of European companies are not prepared for the carbon market
06/10/2004
on October 6, 2004
Half of the largest European companies which affects the emissions market, which will enter into force next January 1, 2005, have shown not to be ready to participate in it, according to a study by Ernst & Young in 204 large companies.
Among them, only 40 percent believe that you will comply with the reduction of greenhouse gas emissions imposed by the various allocation schemes which have made European countries. In addition, a quarter of the companies recognized that even they have taken little or no action to be prepared.
With these multinational survey has revealed that do not have clear standards to be established in the medium and long term to comply with the new European directive, and recognize be unprepared internally to set in motion project. The main cause of this lack of preparation seems to be the lack of clarity with which the European Commission has explained the objectives and standards of the initial phase of the emissions market, beginning in 2005 and will be completed in 2007.
More information: www.ey.com/
