DEHSt updates guidance on scope of application, monitoring and reporting with regard to SESTA
The German Emissions Trading Authority(DEHSt) updated its guidance on the scope of application of the SESTAfor the first time on 22 April 2021. The first version of the guide was published in January 2021. The updates mainly concern chapter 6.7 “Deductible emissions to avoid double taxation”, which deals with the avoidance of double taxation in accordance with § 7 paragraph 5 SESTA.
In particular, the update illustrates in more detail the interaction between the EU ETS installation operator and the SESTA administrator and specifies the requirements for deducting emissions in the SESTA administrator’s emissions report.
It also clarifies in more detail what must be included in the declaration of intent to use, which must be submitted by the EU ETS operator together with the emissions report by 31 July. of the respective subsequent year. In turn, at the time of delivery or pricing at the private sector level, the statement of intent to use serves to determine the quantity of supply from the EU ETS installation that can be delivered to the EU ETS installation without incurring CO2 costs due to the nETS.
We will be pleased to carry out the following activities for you in the context of SESTA:
- Advice on the economic and procedural effects of the Fuel Emissions Trading Act (BEHG) on your company
- Advice for possible switch to EU-ETS
- Preparation and submission of the monitoring plan in accordance with §6 BEHG and continuous monitoring up to approval
- Verifiable determination of fuel emissions and preparation of the emissions report in accordance with § 7 para. 1, 2 SESTA
- Preparation and support of the verification of the emission report according to § 7 para. 3 SESTA
- Submission of the verified emissions report to the competent authority (DEHSt) by 31.07 of the following year after §7 para. 1 SESTA
- Verification to avoid double charging according to §7 para. 5 SESTA
- Support in the establishment of accounts and account representatives in the national emissions trading registry pursuant to section 12 para. 2 SESTA for the administration of emission allowances pursuant to section 9 para. 1
- Support in the management of their register account e.g. as one of the authorized account holders
- Verification of transfers
- timely retransfers of emission allowances by 30.09 for the previous year pursuant to § 8 SESTA
- Data updates of information in the register
- Representation of historical account movements and balances on the basis of account statements
- Support in the purchase and sale of emission certificates
- Support with requests for information and assistance with on-site inspections by the competent authority pursuant to § 14 SESTA
- Identification of emission allowance price drivers and market monitoring
- Ad hoc announcements on relevant events, political developments and legislative changes
- Regular status and strategy meetings to strengthen decision-making capacity
If you have any further questions, please donot hesitate to contact us.