​The 'stop-the-clock' Decision is now in force

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.

» Stop-the-clock Decision of 24 April 2013
» Step-by-step process to return the free allowances for all operators (European Commission)
» Procedure to return the free allowances for operators reporting to France (French CDC)
» Q&A from the European Commission
» GreenAir Online article to learn more

Please note that the deadline for the surrendering of carbon allowances is still tomorrow 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.

This is probably our last EU ETS newsletter until the next ICAO general assembly scheduled in September 2013 and the subsequent decision by the European Commission to either re-start the clock, stop the clock again, or start a different clock! Back to all Verifavia News