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Spain releases EU-ETS registry account requirements

Spain releases EU-ETS registry account requirements 2025

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The document outlines the procedures and requirements for aircraft operators to open and maintain a holding account in the European Union Registry. It includes a template for granting power of attorney to legal representatives, details on appointing authorized representatives, and necessary documentation for compliance with regulations related to greenhouse gas emissions trading. The document emphasizes the responsibilities of the aircraft operator regarding account management, communication with authorities, and adherence to security protocols.

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What is a Moha account?

Setting up a Maritime Operator Holding Account (MOHA) is mandatory for ship owners and ISM Managers to surrender emissions and facilitate a seamless transition into the European Union Emissions Trading System (EU ETS). EU guidelines make the timely and accurate setup of a MOHA critical.

What is the new EU fuel regulation?

From 1 January 2025, the FuelEU Maritime Regulation will apply in full. The Regulation promotes the use of renewable, low-carbon fuels and clean energy technologies for ships, thereby supporting the decarbonisation of the maritime sector.

What is the euro emissions 2025?

But from 2025, the Worldwide Harmonised Light-vehicle Test Procedure (WLTP) figures will be used to determine CO2 goals. So from next year, the EU has set an average target of 93.6g/km of CO2 across the blocs cumulative fleet. This is a 15% reduction in emissions calculated against the baseline figure set in 2021.

What are the changes in the EU ETS?

Key changes agreed in the 2023 revision of the ETS Directive: The cap has been tightened to bring emissions down by 62% by 2030, compared to 2005 levels. This covers emissions from maritime transport , which have been included in the EU ETS from 2024.

How to open an EU ETS account?

Opening accounts in the Union Registry To participate in the EU ETS, be it for compliance or trading of allowances companies must open an account in the Union Registry. To open an account, companies must send a request to their respective national administrator, who collects and verifies all supporting documentation.

Is the EU ETS mandatory?

Sectors gases Participation in the EU ETS is mandatory for companies in these sectors, but: in some sectors, only operators above a certain size are included. certain small installations may be excluded if governments put in alternative measures to cut their emissions.

What are the changes in the EU ETS 2025?

The EUs legislative bodies have adopted a revision of the EU ETS directive to include shipping from 2024. This entails a three-year phase-in period, increasing in scope from 40% of emissions in 2024 to 70% in 2025 and 100% in 2026.

What is the EU ETS for 2025?

As of 1 January 2025, companies must report emissions for the following ships: Cargo and passenger ships of or above 5000 GT; Offshore ships of or above 5000 GT; Offshore ships and general cargo ships below 5000 GT but not below 400 GT.

Spain releases EU-ETS registry account requirements 2025

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