Emission allowances and Kyoto units in Phase 4

Emission allowances and Kyoto units in Phase 4

Monday, 25. May, 2020

The Slovak National Administrator informs the participants in the European Trading System that, according to Article 13 of Directive 2003/87/EC, emission allowances (EUA and AEUA) issued from 01/01/2013 onwards have unlimited validity, ie. they can also be used for surrendering in the next Phase 4 (2021 - 2030).

However, emission allowances issued and allocated in Phase 4 cannot be used retroactively for surrendering in 2021 to comply with 2020, which is part of Phase 3.

For surrendering for 2020, it is therefore necessary to use allowances issued in Phase 3 (2013 - 2020). We recommend operators to procure sufficient amount of allowances from Phase 3 to comply for 2020 in 2021.

Information on the phase in which allowances were issued is to be found from the beginning of 2021 directly in accounts in the Union Registry.

Kyoto units (CERs and ERUs) can only be exchanged for emission allowances (EUA and AEUA) until 30/04/2021. After 01/05/2021, no account in the European Trading System will be able to accept Kyoto units, while holding these units on the accounts will be possible until 01/07/2023.

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