Operators subject to the European Union Emissions Trading System (EU ETS) have each assigned a Competent Authority (CA), to which they must report. These operators have specific obligations:
Registry Account: Operators are required to open a registry account for matters related to EU Allowances.
Emissions Monitoring and Reporting: Operators must monitor and report their annual CO2 emissions. This involves collecting emissions data and preparing an Annual Emissions Report (AER).
Verification Process: Operators need to engage with a verifier, an independent party, to confirm the accuracy of their emissions data and AER.
Reporting Deadline: The AER and the verifier's opinion must be submitted to the Competent Authority by the 31st of March of the year following the monitoring period (N+1).
Allowance Surrender Deadline: Operators must surrender their emissions allowances by the 30th of April in the year following the monitoring period (N+1).