EU ETS and the Trading Mechanism

Benchmark = Total number of allowances to be allocated free ofchargelSum of all tonne-km data. 

Under the EU ETS, aircraft operators flying to and from airports in 30 European states from 2012 will surrender allowances in respect of their CO2 emissions on an annual basis. The large majority (85%) of allowances will be allocated to individual 

No later than 30th April of each year, aircraft operators are required to surrender emission allowances that are equivalent to the amount of emissions that they emitted (and reported to the competent authority) during the previous calendar year. Participants in the ETS scheme who emit more than the emission allowances they have received, can buy allowances from other participating aircraft operators or from operators of stationary installations that also fall within the scope of the EU ETS. Purchasing allowances will ensure that sufficient allowances are surrendered by the 30th of April each year. If participants emit less than the emission allowances allocated to them, the surplus of emission allowances can be sold. 

Aircraft operators coming into or going out of European Community aerodromes are required to submit an annual emissions report to the competent authority. This report has to be verified by an independent and accredited verifier prior to submission. In the pre-trading period (2010-2011) you have to submit your first verified emissions report by 31 March 2011 and 2012. You are, however, not required to surrender emissions allowances equivalent to the operator s reported emissions for the years 2010 and 2011. The first trading period starts from 1st January 2012 onwards. Starting from April 2013 aircraft operators will be required to surrender each year emission allowances that cover the verified reported data for the previous year. 

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