Anger and confusion as many aircraft operators fail to understand 'stop the clock' or open vital registry accounts
The European Commission’s EU ETS ‘stop the clock’ proposal may have been welcome news for airlines flying intercontinental journeys to and from Europe but it has created confusion and anger amongst many smaller operators over their compliance obligations. The competent authorities of the EU member states are also experiencing headaches as a large number of operators they administer have yet to inform them whether they intend to derogate their extra-EU/EEA flights and return their allowances. Of greater importance, with the April 30 deadline a little over a month away for surrendering allowances on their 2012 intra-EU flights, many operators have still not opened registry accounts, a complex and lengthy process that is the only means of doing so. There is a mandatory fine of 100 euros ($130) per tonne of CO2 for non-compliance. Meanwhile, the UK government has started a two-week consultation on the ‘stop the clock’ proposal, which is currently in the final stages of the EU co-decision process and expected to be agreed by mid-April.
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