The government is consulting until 24 November on draft amending regulations to bring forward the 2018 compliance deadlines for UK operators in the EU Emissions Trading System (EU ETS), to provide clarity during the UK’s withdrawal from the EU. This proposal provides an alternative to the EU’s plan effectively to prevent allowances issued by the UK being used in the run-up to Brexit.
The usual deadline dates for compliance under the scheme are 31 March for reporting emissions and 30 April for surrendering allowances, both of which would, in relation to the 2018 compliance year, fall after the date of the UK’s expected exit from the EU on 29 March 2019.
The EU Parliament and Council have agreed an amendment to the EU ETS directive (see http://bit.ly/2yFK7ZG), which would prevent aviation operators and other operators using EU ETS allowances issued by a member state with ‘obligations lapsing’. This action is intended to protect the environmental integrity of the EU ETS in the event of the UK leaving the scheme in March 2019.
By bringing forward the compliance deadlines for 2018 emissions, the government hopes to bring about a position in which the UK’s obligations would not be lapsing in respect of 2018, thereby protecting the integrity of the EU ETS without invalidating UK-issued allowances for compliance purposes.
The revised UK deadlines (28 February for reporting and 22 March for surrendering) are set out in the draft Greenhouse Gas Emissions Trading Scheme (Amendment) Regulations 2018.
The government is consulting until 24 November on draft amending regulations to bring forward the 2018 compliance deadlines for UK operators in the EU Emissions Trading System (EU ETS), to provide clarity during the UK’s withdrawal from the EU. This proposal provides an alternative to the EU’s plan effectively to prevent allowances issued by the UK being used in the run-up to Brexit.
The usual deadline dates for compliance under the scheme are 31 March for reporting emissions and 30 April for surrendering allowances, both of which would, in relation to the 2018 compliance year, fall after the date of the UK’s expected exit from the EU on 29 March 2019.
The EU Parliament and Council have agreed an amendment to the EU ETS directive (see http://bit.ly/2yFK7ZG), which would prevent aviation operators and other operators using EU ETS allowances issued by a member state with ‘obligations lapsing’. This action is intended to protect the environmental integrity of the EU ETS in the event of the UK leaving the scheme in March 2019.
By bringing forward the compliance deadlines for 2018 emissions, the government hopes to bring about a position in which the UK’s obligations would not be lapsing in respect of 2018, thereby protecting the integrity of the EU ETS without invalidating UK-issued allowances for compliance purposes.
The revised UK deadlines (28 February for reporting and 22 March for surrendering) are set out in the draft Greenhouse Gas Emissions Trading Scheme (Amendment) Regulations 2018.
