The UK has published its plans for the UK ETS starting in 2021. In the UK, this will replace the EU ETS, which the UK is set to leave at the end 2020 with the termination of the Brexit transition period. It is part of the UK government’s plan to drive domestic and international action
The new Registry Regulation for Phase IV of the EU ETS. Are you ready?
A new registry regulation for Phase IV of the EU emissions trading system (ETS) has been published recently, and will replace the current registry regulation from 1 January 2021. Among other changes, the new registry regulation will accommodate allowances originating from the Swiss Emissions Trading Scheme, recognise EU allowances as financial instruments, and make administrative…
Chinese National Emissions Trading Scheme Update – some progress but more questions than answers
The Ministry of Ecology and Environment, in its first formal publication on the subject of the Chinese emissions trading scheme since taking over the responsibility for its development from the National Development and Reform Commission, published draft ‘Interim Regulations’ in April 2019 setting out the overarching legislative framework proposed for the scheme.
Whilst this publication is very welcome and long-overdue, its sparsity highlights how much work still remains to be carried out and publicised before the scheme can be fully made operational. This client paper assesses the ‘Interim Regulations’ and considers some of the known-unknowns that follow from its publication.…
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The year it becomes real – ICAO CORSIA: 2019
The ICAO CORSIA initiative has commenced monitoring, reporting and verification obligations imposed on aircraft operators with effect from 1 January 2019. Data collected will form the baseline to determine subsequent offsetting requirements. Aircraft operators attributed to a country likely to be participating in the voluntary compliance phase from 2021 to 2023 should also take note of the various deadlines for compliance and monitor for updates from the ICAO Council on the offset credits that would qualify under CORSIA.
Continue Reading The year it becomes real – ICAO CORSIA: 2019