31.8.2007 Official Journal of the European Union L 229/1 (Acts adopted under the EC Treaty/Euratom Treaty whose publication is not obligatory) DECISIONS COMMISSION COMMISSION DECISION of 18 July 2007 establishing guidelines for the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87EC of the European Parliament and of the Council (notified under document number C(2007) 3416) (Text with EEA relevance) (2007/589/EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Commu- nity, Having regard to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC ('), and in particular Article 14(1) thereof, Whereas: 1 O e The complete, consistent, transparent and accurate mon- itoring and reporting of greenhouse gas emissions in accordance with the guidelines laid down in this Decision are fundamental for the operation of the greenhouse gas emission allowance trading scheme established in Directive 2003/87/EC. During the first compliance cycle of the greenhouse gas emissions trading scheme, covering the year 2005, operators, verifiers and competent authorities of Member States have gathered first experience of monitoring, verifying and reporting pursuant to Commission Decision 2004/156EC of 29 January 2004 establishing guidelines for the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council (3). OJ L 275, 25.10.2003, p. 32. Directive as amended by Directive 2004/101[EC (O] L 338, 13.11.2004, p. 18). OJ L 59, 26.2.2004, p. 1. 3) Following the review of Decision 2004/156/EC, it was apparent that the guidelines laid down in that Decision required several changes in order to render them more clear and cost-efficient. Due to the substantial number of amendments it is appropriate to replace Decision 2004/ 156/EC. It is appropriate to facilitate the application of the guidelines for installations with average verified reported emissions of less than 25 000 tonnes of fossil CO, per year during the previous trading period, as well as to achieve further harmonization and clarify technical issues. Where applicable, account has been taken of the guidance on the monitoring of greenhouse gases as developed by Intergovernmental Panel on Climate Change (IPCC), the International Standardisation Organisation (ISO), the Greenhouse Gas Protocol Initiative of the World Business Council on Sustainable Development (WBCSD) and the World Resources Institute (WRI). The information provided by operators pursuant to this Decision should facilitate the cross-attribution of emissions reported under Directive 2003/87/EC with emissions reported to the European Pollutants Release and Transfer