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EU Emissions Trading Changes Extended To EFTA

by Ulrika Lomas, Tax-News.com, Brussels

09 May 2014


Changes to the European Union (EU) Emissions Trading Scheme (ETS) for aviation have been extended to the European Free Trade Association (EFTA), through the incorporation of a new regulation into the European Economic Area (EEA) agreement.

The ETS Directive was amended in April 2013, to postpone inclusion of international aviation in the scope of the Directive by one year (from 2012 to 2013). The EU then adopted a regulation on April 16, 2014, further postponing inclusion until 2017, to support progress towards a global market-based mechanism to reduce emissions, in the aviation sector, within the framework of the International Civil Aviation Organization.

The new regulation also reduces the administrative burden, by exempting very small non-commercial aircraft operators (emitting less than 1,000 tonnes of carbon dioxide per year) from the scope of the Directive, and by introducing a simplified compliance procedure for small non-commercial aircraft operators (emitting less than 25,000 tonnes of carbon dioxide per year).

In order for the amended scope of the ETS to also apply to the EEA EFTA member states (Iceland, Liechtenstein, Norway, and Switzerland), this regulation had to be incorporated into the EEA Agreement by April 30, 2014.

TAGS: compliance | Iceland | aviation | Liechtenstein | Norway | Switzerland | regulation | European Union (EU) | Europe

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