European Commission announced (30-Jan-2012) another step was taken in the implementation of the inclusion of aviation in the EU Emissions Trading Scheme (EU ETS), with the partial activation of the new Union Registry to enable access for aircraft operators to the scheme. The Union Registry operated by the Commission will ensure the accurate accounting of all emission allowances issued under the EU ETS and keep track of the ownership. Currently, allowances are held in accounts in electronic registries administered by EU member states. The partial activation of the Union Registry for airlines is a first step towards the full activation, which will not take place before Jun-2012. Until then, existing national registries remain operational, in particular for allocation and for the completion of compliance activities for stationary installations. All aircraft operators covered by the EU ETS have to open an account in the Union Registry. Based on a benchmark published in Sep-2011, EU member states calculate the amount of allowances to be allocated for free to each aircraft operator in accordance with the rules set out in the EU ETS directive. Aircraft operators will receive the first annual batch of free allowances credited on their registry account by 28-Feb-2012 or as soon as their account is opened. In total, approximately 181 million aviation allowances will be handed out to airlines for free in 2012. [more - original PR]
European Commission announces partial activation of the EU ETS registry for airlines
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