Emissions Trading: reduced allocation of free allowances for new entrants

The European Commission adopted new measures to implement the judgment issued last April 2016 by the Court of Justice.

As reported in our previous  article, the judgment had invalidated the cross-sectoral correction factor (CSCF) used to allocate free allowances from 2013 to 2020 to stationary installations in the scope of EU-ETS, granting 10 months to the Commission to establish a new amount.

The recently approved Decision (linked at the bottom of this article), defines the new CSCF to be applied to all new allocations adopted after 1 March 2017: new entrants installations and increased capacity of existing ones will receive a reduced free allocation of about 5% compared to the current system.

As defined by the judgment, recalculations will not affect the allocations already approved, that will remain unchanged, except in case of variations in activity or capacity levels, as already defined by the current Regulation on monitoring and reporting of greenhouse gas emissions.

As already provided in Directive 2009/29/EC, the allocation of free allowances for district heating and high-efficiency cogeneration is not subject to the CSCF.

In the short term this Decision is not expected to have a material impact on carbon market.

The new correction factor will not be applied to the allocations in the period 2021 – 2030, that will follow the stricter linear reduction factor currently discussed in the European Parliament.

 

Link to the full text of the Decision (EU) 2017/126: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.019.01.0093.01.ENG&toc=OJ:L:2017:019:TOC


New fees charged to EU-ETS operators

Italian Decree 25 July 2016 specified the new fees in charge of Italian stationary installations operators of and aircraft operators.

Some examples of the most common fees and upcoming deadlines:

  • Operator holding accounts: 180 € / year / account – first payment before 15 October 2016.
  • Allowances allocation and reporting: 250 € – first payment before 24 October 2016.
  • Approval / review of authorisation and monitoring plan: 250 € – payment before submitting the request.
  • Updates of authorisation and monitoring plan: 62 € – payment before submitting the request.

The typical Italian operator will be charged of about 500-1000 euro / year / plant, depending on the frequency of the compulsory updates.

For further information, operators can refer to the institutional pages of the National Emission Trading Committee (link) and the Italian Administrator of the Union Registry (link)

MR Energy supports operators to accomplish EU-ETS obligations. Contact us! 

Link to the full text of the Decree (link)


Emissions Trading: free allowances to 2020 shall be re-determined

On 28th April 2016 the EU Court of Justice declared invalid the maximum annual amount of free allowances for greenhouse gas emissions determined by the Commission for the period 2013-2020.

The judgment is a consequence of the legal actions that a number of companies included in the scope of ETS brought before the courts in Italy, the Netherlands and Austria against the National Authorities entrusted with the allocation of GHG allowances. The subject of dispute was the calculation method applied to define the maximum annual amount of allowances.

As a consequence, the Cross Sectoral Correction Factor (CSCF) applied to preliminary allocations with Decision 2013/448/EU is not valid and shall be re-calculated on the basis of new data to be provided by the Member States; the maximum annual amount of allowances could be higher or lower than that thus far determined by the Commission.

The Commission is granted 10 months to establish a new amount, whereas the previous allocations of allowances cannot be called into question.

The full text of the judgment is available on the CURIA website http://curia.europa.eu/juris/celex.jsf?celex=62014CJ0191&lang1=it&type=TXT&ancre=


Come and meet us at Smart Energy Expo

MR Energy Systems will take part in the Smart Energy Expo, 2014 edition (Verona fair – Italy)

On October 8th, Marco Zanetto will present an Industrial case study from Small Medium Enterprises on energy efficiency in Italy.

The EURAC workshop ‘Voluntary tools in the implementation of the European low carbon strategy in Italy: the Covenant of Mayors and other instruments for public – private partnerships at local level‘, will be held next Wednesday in the ‘Smart City & Communities’, from 10:00 to 15:00.


MR Energy Systems and Greenhouse Gas Management Institute cooperate to expand reach of carbon management education to Italy

Link al comunicato pdf:  2014_07_09_Press_Release ITA; 2014_07_09_Press_Release EN

MR Energy Systems and Greenhouse Gas Management Institute cooperate to expand reach of carbon management education to Italy

e-learning courses on GHG monitoring, reporting and verification

 

Venezia, Italy (9th July 2014)

 

MR Energy Systems (MR Energy), the leading provider of consulting engineering in the field of sustainability, and the Greenhouse Gas Management Institute, the leading trainer on greenhouse gas accounting and verification, are delighted to announce that they will be cooperating to expand carbon management education to Italy.

 

Many countries and regions are establishing policies, including the creation of carbon markets, designed to cut the emissions that cause climate change. An increasing number of companies are establishing GHG emission reduction targets, both in reaction to such policies, and voluntarily, as a strategic response to the risks associate to climate change.  An effective and credible GHG management system is a cornerstone for the success of any such initiative. To support this process in Italy, MR Energy will now be delivering GHG Management Institute courses to Italian students, practitioners, and leaders. This collaboration will provide Italian government, industry, and academia with a comprehensive overview of carbon management —from the background and principles of carbon accounting and monitoring, to detailed specifics of GHG reporting and verification.

 

Commenting on the collaboration, Mauro Roglieri, MR Energy’s General Manager, said, “Our e-learning platform, MR Energy Academy, reflects our commitment to provide the market with effective services and tools to support the transition to a sustainable economy. We believe that knowledge is always the first and main driver for change. This is why we’re really proud to announce the Partnership with GHG Management Institute, surely a high quality standard guarantee for Italian operators.”
Michael Gillenwater, Dean of the GHG Management Institute, said, “The Institute is delighted to be partnering with MR Energy to expand its training curriculum and grow the community of greenhouse gas experts around the world, which we believe is essential to addressing climate change.“

 

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About MR Energy Systems

MR Energy Systems is an Italian Consulting Engineering company, with many years of experience in the field of carbon & energy management and other services related with climate change mitigation. MR Energy Systems supports public and private organizations to lower their energy and environmental impacts towards a sustainable economy. MR Energy Academy is an on-line education platform, created by MR Energy Systems to share its experience and know-how with a wide range of professionals.

 

For more information, go to http://academy.mrenergy.it/en/ 

Watch a short video here: http://youtu.be/k1dGI7fQ3o4

 

About the Greenhouse Gas Management Institute

 

The Greenhouse Gas Management Institute is a nonprofit organization focused on training and education. The Institute’s mission is to train and develop a global community of experts with the highest standards of professional practice in measuring, accounting, auditing, and managing greenhouse gas emissions; meeting the needs of governments, corporations, and organizations large and small.

 

For more information, go to www.ghginstitute.org

 


Directive 2009/29/EC transposed into Italian legislation

Decreto Legislativo n.30 of 13th March 2013, transposes Directive 2009/29/EC (Emissions Trading) into Italian legislation.

Art. 2 defines in clearer terms the scope of work of the Directive, in particular in realtion with the waste incineration plants.

GSE is appointed to set up and manage the auctioning platform for allowances. Most of the content of the decree reflects changes already introduced in the past months in operative terms by specific resolutions of the National Competent Authority.


ETS small emitters opt-out

Italian Emissions Trading plants emitting less than 25.000 tons CO2/year and with a thermal energy input lower than 35 MW can opt-out from the ETS scheme and request to be admitted to a simplified management scheme for their CO2 emissions. The deliberation of the NAtional Competent Authority can be downloaded at the folowing link (Italian).

The deadline to present the request is Friday, 8th June 2012 @12 a.m.

See also on the same topic (only Italian):

24 04 2012 – Novità in arrivo per gli impianti ETS di dimensioni ridotte


Sustainability as a strategic asset

Why?

Emissions Trading

‘Zero impact’ does not exist. Human activities have always had an impact on the environment, since they involve the consumption of resources and energy. Over the centuries, industrial and technological development have dramatically improved our living standard and guaranteed us health, well being, protection from extreme events, food supply and boundless mobility. At which price. Our impact on the environment and climate has increased more and more, reaching today a level which is not sustainable anymore for our planet.

Policy Development

Governments around the world agree that there is an urgent need of a change in this trend. Many policies have been developed at national, European or international level aiming at the broad adoption of best practices which make our activities more sustainable.
Change is not easy though, because it requires us  to change our habits as producers and as consumers too. But we need to act, and we need to do it quickly.

[Continue reading about our Vision..]