The European Commission’s latest list of operators subject to the emissions trading scheme (ETS) is still incomplete and inaccurate, according to companies that are trying to help operators comply with the new environmental requirement.
European Union Emission Trading Scheme
The European Commission published a new provisional list of operators who are required to submit plans for monitoring, reporting and verifying carbon emissions under the European Union emissions trading scheme (ETS). The list is intended to
The European Union (EU) plans to issue a new list of operators who are subject to its emissions trading scheme (ETS) in a bid to dispel the confusion caused by last August’s publication of an initial list that contained inaccurate and baffling information.
The European Commission has published a new provisional list of operators who are required to submit plans for monitoring, reporting and verifying carbon emissions under the European Union emissions trading scheme (EU-ETS). The list is intended to give operators extra time to prepare and file plans ahead of the planned publication of a full updated list in February.
Like it or not, and regardless of where they are based, many business aircraft operators who fly into European airspace will be required to account for the carbon they emit and ensure that they have bought enough carbon credits to cover this output when Europe’s emissions trading scheme (ETS) is fully up and running in January 2012.
It’s been a tough year for the European business aviation community. Like its U.S. counterpart, the industry took a hit as a result of the economic downturn, leading to a loss of business in all sectors. In addition, new rules and regulations have many in the industry on edge.
The bureaucratic torpor and confusion that has mired the initial registration process for the introduction of Europe’s new emissions-trading scheme (ETS) has brought the cap-and-trade approach to reducing aviation’s carbon footprint into disrepute, according to the European Business Aviation Association (EBAA).
The administrative burden of complying with the confusing requirements of Europe’s emissions trading scheme (ETS) comes at a time when many operators are facing a severe downturn and revenue declines of as much as 30 to 40 percent.
Aircraft operators who will be subject to Europe’s new emissions trading scheme (ETS) beginning Jan. 1, 2012, need to start preparing now to be part of this complex process. Pre-compliance emissions monitoring will be conducted for flights in 2010 and 2011 and to be part of this phase operators need to submit a monitoring plan likely by November and have it approved by year-end.
The UK government is pushing back the August 31 deadline for aircraft operators to register for the European Union’s new emissions trading scheme (ETS) and to file a plan for the monitoring, reporting and verification (MRV) of their carbon emissions. According to the British Business and General Aviation Association (BBGA), the revised deadline is likely to be around mid-November this year.