Is the European Union, Emissions Trading System (EU ETS) a direct link to methane-based carbon emissions for large commercial entities to rollback GWP (Global Warming Potential) over Methane (CH4)? According to the European Environment Agency, “overall reduction in [CH4] emissions needs to accelerate, particularly in agriculture, to meet the 2030 and 2050 EU climate objectives.”

‘Large industry’ preexisting animal farming firms that choose to transition away from animal agriculture can help boost their CH4 reduction goals. These firms would need to ensure that their Scope 1, direct carbon emissions from their facilities and motor fleets, as well as their Scope 2 and 3 indirect emissions derived from their purchases and sales practices also don’t indicate significant carbon emissions outcomes or they’ll observe significant disclosure and offset costs from other emerging legislations and global standards. These standards include those promulgated by the United Nations, European Union, United States based legislative bodies, and international accounting standards boards.