From 2012, airlines are included in the EU Emission Trading Scheme. Airlines are looking to navigate the scheme safely – to comply with their obligations at the lowest cost and without taking undue risk.
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With our over 10 year experience in emissions trading, we can help you to: - avoid speculation by developing a sensible trading strategy
- setup a trading account to make it easy to trade in the EU ETS
- get the best terms for spot and forward trading
- keep you informed of key developments impacting the market.
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Successful compliance
7 May 2013 30th April 2013 was the first compliance deadline for airlines under the EU Emissions Trading System. Out of 1,159 aircraft operators involved in the scheme only 108 failed to comply on time. Operators that do not comply on time might face a penalty of 100 euro for each unit which was not surrendered. If you still have difficulties opening a Union Registry account, covering your shortage or surrendering allowances or credits, please get in contact with us urgently at +36 1 489 1900 or at aviationvertis.com, the Vertis team is pleased to assist you. | Successful EUAAs auction
9 April 2013
Vertis Environmental Finance today sold by auction 230,208 EU Aviation Allowances (EUAAs), which can be used for compliance by airlines in the second trading period (2008-2012) of the EU Greenhouse Gas Emissions Trading System (EU ETS). The allowances were sold via online auction at the myvertis.com online carbon trading platform for a uniform clearing price of 4.84 euro per unit. Airlines and traders bid at the auction that was 3.21 times oversubscribed. You may find more details about the auction here.
| Derogation for extra-European flights in the EU ETS
10 December 2012 The European Commission (EC) published a set of Frequently Asked Questions regarding its “stop the clock” proposal which aims to exempt non-EU flights from the EU ETS for one year. The Commission confirmed that “the EU ETS Directive will continue to apply in full respect of intra-European flights between airports located in EEA States, Switzerland, Croatia and the territories and dependencies of Member States.” Flights out of this scope (extra-European flights) are now outside the EU ETS for the year 2012. Thanks to this proposal for derogation, operators of extra-European flights either must return the free
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allowances received in relation to extra-European flights or have to opt for full compliance.
Those airlines that would have equal or smaller emission compared to their free allocation it might be financially beneficial to continue to report all flights, since Kyoto credits (CERs and ERUs) can be used up to 15% of their verified emission. In case you received free allocation though you are not flying to Europe in 2012 you might want to choose full compliance as well which enables you to sell all your surplus instead of giving it back. If your emission is expected to be higher than the free allocation the option for derogation might be more beneficial.
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You may find the document of Questions & Answers on the EC's webpage here. Should you have any question please don’t hesitate to contact us.
| | EC stopped the clock for airlines 16 November 2012 The EU announced to defer the obligation to surrender emission allowances from all air traffic between the EU and third countries by one year. This means that flights starting or finishing in the EU, where one end of the flight is outside the EU, are excluded from the 2012 compliance obligation. The compliance obligation for all flight activities within the EU will remain. This goes for all aircraft operators, both EU and non-EU alike. Airlines will need to return allowances allocated this year for flights between the EU and a third country. The reason for the EU's concession is that the ICAO council agreed on the 9th of November to set-up a high level policy group to design a scheme to cut global aviation emissions. The EU said that if the ICAO fails to implement a scheme it will reintroduce the original compliance obligation from 2013. Please feel free to contact us for further details.
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Why begin your emissions trading with us?
Because you will benefit from our passion of getting people involved in emissions trading. We have been doing this since 2001, including setting up hundreds of clients from 2004 in the EU ETS. And because we are very good at it, you can focus on your job, and save time and money: | Experienced | We are very experienced, having traded over 250 million EUAs and over 20 million CERs and ERUs | | Trusted | Every week we handle millions of Euros of clients’ money | | Frank | We tell you how it is; we don’t try and make it look more complicated than it is | | Fast | We decide, contract and transact quickly - you get your cash and units same day | | Innovative yet careful | We come up with new ways of solving problems, cutting risks and making money for you.
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