How to surrender carbon allowances and return the free allowances under 'stop-the-clock'?
Registry - Open & Operate
Aircraft operators must have an account open with the Union Registry in order to be able to comply with the EU ETS. If you do not already have an open account, be aware that in certain Member States (e.g. the UK), it is now possible to use a third-party supplier to open and operate your registry account on your behalf. If you need contact details of companies which offer this service, please ask me.
Reminder: the Union Registry is an online database hosted and managed by the European Commission. It operates in a similar way to an internet bank account, and records allowance allocations for aircraft operators, annual verified emissions, transaction history of allowance transfers and surrenders of allowances.
Click here for more information about the Union registry
Registry - Propose
If you report to Austria, Cyprus, Denmark, Estonia, Finland, Germany, Iceland, Ireland, Italy, Latvia, Malta, Netherlands, Norway, Sweden, or the United Kingdom, it is your responsibility to enter (to 'propose') your emissions in the Union Registry. In order to do so, you need to appoint VerifAvia as your verifier. As soon as you have proposed your emissions, please send me an email so that I can validate your entry through the Union Registry account of VerifAvia.
Click here to go to the Registry web site
Click here to access the user guide
Click here to download a quick user guide prepared by the UK but applicable to all 16 countries listed above
If you report to any other Member State, it is either you or the national registry administrator who enters your emissions. VerifAvia is not involved in this process. Please contact your Competent Authority if you have any doubt about what you have to do.
Registry - Surrender carbon allowances
By 30 April, you must log on to your account and surrender the number of allowances that correspond to your verified and validated 2012 annual emissions figure. 1 tonne of CO2 emissions correspond to 1 allowance. You can use the following types of allowances: EUAAs, EUAs, CERs and ERUs. CERs and ERUs can be used only up to 15% of your 2012 verified emissions.
You must do this through your Union Registry account before 30 April 2013. Please note that this deadline is a 'hard' deadline, meaning that access to the Union Registry is expected to be blocked starting from 1 May.
Should you have a shortfall of allowances, or you need more details on trading opportunities, compliance or Phase 3 planning, contact a trader / broker as soon as possible so that they can help you to buy the missing allowances that you need for compliance and in all other issues.
Registry - Return free carbon allowances under 'Stop-the-Clock'
The 'stop-the-clock' Decision was passed at European Parliament on 16 April 2013 and was published on 24 April 2013 in the Official Journal of the European Union. Consequently, it is now in force and aircraft operators that received free allowances for extra-European flights and that opted for the 'stop-the-clock' derogation have 30 days from the date of publication to return these free allowances.
Since 25 May is a Saturday, the deadline for the return of aviation allowances is 27 May 2013. You should have received a letter which includes the number of aviation allowances to return and the account number for the return. For example, the account number in the UK is EU-100-5018684-0-26 and the account number in France is EU-100-5019310-0-97.
If you have not received the letter, please contact your Competent Authority or your National Registry Administrator as soon as possible.
» GreenAir Online article to learn more
Please note that the deadline for the surrendering of carbon allowances is Tuesday 30 April 2013.
Please make sure not to confuse the concepts of surrender and return:
- Surrender means the surrendering of the carbon allowances (EUAs, EUAAs, CERs or ERUs) corresponding to your 2012 verified emissions (deadline is 30 April 2013) [all aircraft operators with 2012 emissions greater than 0 are concerned]
- Return means the returning of the free allowances (aviation allowances - EUAAs - only) that might have been allocated in 2012 on the basis of the 2010 TK data in relation to extra-European flights (deadline is 27 May 2013) [only aircraft operators that received free allowances for extra-European flights and that opted for the 'stop-the-clock' derogation are concerned]
Just in case you still do not have an opened registry account, or you still do not know how to purchase any missing carbon allowances, please let me know so that I can send you a list of third party suppliers that offer these services. Back to all F.A.Q.