The furore over the European Union's Emissions Trading System (EU ETS) is unlikely to abate any time soon. In the meantime, airlines have to comply with the legislation. Here's a quick round up of what airline operators will be expected to do between now and April 2013, brought to you by law firm Holman Fenwick Willan (HFW):
Operators should already have submitted their emissions monitoring plan for approval and monitored emissions data for 2010 and 2011. Moving forward, they should:
1. Prepare their 2011 emissions report, arrange for it to be verified by an auditor and submit to the relevant authority by 31 March 2012.
2. Apply for a registry account, through which they will be able buy or sell CO2 allowances.
3. Monitor emissions in accordance with their approved monitoring plan throughout 2012.
4. Procure additional allowances from other EU ETS participants at auction or by purchasing allowance (CERs and ERUs) to cover any shortfall not covered by free allocation.
5. Surrender allowances equal to their total verified emissions for 2012 by 31 April 2013.
Photo by Jonathan Hordle/Rex Features
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