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Template:M summ EUA Annex (d)(ii): Difference between revisions
Template:M summ EUA Annex (d)(ii) (view source)
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We are beginning to understand why. So real European “operators” — those who belch hot air into Mediterranean skies, as they generate energy from their coal-fired power-stations — must pay their European overlords for the privilege of doing so. They must do this by 20 April in each year — the so called {{euaprov|Reconciliation Deadline}}. If they are late in surrendering their {{euaprov|Allowance}}s, such that they have emitted more carbon than they have, in effect, paid for, they can become liable to pay {{euaprov|Excess Emissions Penalties}} under the EU ETS directive. This is something like EUR100 per tonne of uncertificated carbon. | We are beginning to understand why. So real European “operators” — those who belch hot air into Mediterranean skies, as they generate energy from their coal-fired power-stations — must pay their European overlords for the privilege of doing so. They must do this by 20 April in each year — the so called {{euaprov|Reconciliation Deadline}}. If they are late in surrendering their {{euaprov|Allowance}}s, such that they have emitted more carbon than they have, in effect, paid for, they can become liable to pay {{euaprov|Excess Emissions Penalties}} under the EU ETS directive. This is something like EUR100 per tonne of uncertificated carbon. | ||
''Dabei'', if you, as a ''counterparty'' to such an operator, cannot without fair excuse, deliver the {{euaprov| | ''Dabei'', if you, as a ''counterparty'' to such an operator, cannot without fair excuse, deliver the {{euaprov|Allowance}}s you owe that operator and, the operator thereby misses its {{euaprov|Reconciliation Deadline}}, you must pay compensation. This is translated through to your {{euaprov|Transaction}}s ''as long as you remember to apply {{euaprov|EEP}}, and an {{euaprov|EEP Risk Period}}, in your {{euaprov|Confirmation}}''. | ||
==={{euaprov|EEP Risk Period}}=== | ==={{euaprov|EEP Risk Period}}=== | ||
{{M summ EUA Annex EEP Risk Period}} | {{M summ EUA Annex EEP Risk Period}} | ||