The European Union’s controversial emissions trading scheme (EU-ETS) officially takes effect beginning January 1 against a backdrop of ongoing political protests and legal challenges. But for business aircraft operators, the more immediate concern is to be ready to meet the next set of requirements for monitoring, reporting and verifying their carbon dioxide (CO2) emissions and preparing to start trading carbon credits.
The latest headache to confront operators is the requirement to set up a “registry” account, which essentially creates a way to deposit and trade carbon allowances from 2013, when this stage of ETS begins. Operators have complained that states such as France and the UK require extremely detailed and highly personal information from operators to set up the account. As with some other previous ETS requirements, different European Union (EU) states seem to be imposing different deadlines for compliance, and some states have as yet failed to communicate the requirement to operators assigned to them for ETS compliance purposes.
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