Monitoring, reporting and verification
The rules for the procedure of monitoring, reporting and verification (MRV) and the accreditation of verifiers are set out in Commission Regulations.
The Ministry of Economic Affairs and Employment has issued national decrees on monitoring, reporting and verification for the trading period 2013—2020. Ministerial decrees for the following trading period will be issued before the period begins.
The Energy Authority is Finland’s national emissions trading authority. The emissions trading authority grants emission permits, maintains the Emissions Trading Registry, monitors compliance with obligations under the EU ETS and approves the verifiers.
Free allocation and verification
In the trading period 2013—2020, information regarding any planned or effective changes to the capacity, activity level and operation of an installation must be verified and reported to the Ministry of Economic Affairs and Employment. Similarly, information must be verified when new operators apply for free allocation of emission allowances.
The following decrees have been issued under Emissions Trading Act (311/2011) regarding the verification of information submitted for the free allocation of allowances:
- Government decree on the reporting and verification of information regarding changes to the capacity, activity level and operation of an installation during the emissions trading periods 2013–2020 (591/2012, in Finnish)
- Decree of the Ministry of Economic Affairs and Employment on new operators during the emissions trading period 2013—2020 (598/2012, in Finnish)
Information provided in connection with an application for free allocation in the trading period 2021—2030 must be verified. In addition, an operator that has applied for free allocation is required to submit verified information regarding the installation’s operations to the Energy Authority annually.