The implementation scheme in Spain has been articulated by Law 1/2005 of 9 March, which regulates the regime of greenhouse gases emissions trading. The approval of Law 1/2005 entailed the incorporation into Spanish law of Directive 2003/87/EC, undoubtedly the largest worldwide greenhouse gas emission allowance trading scheme affecting more than 10,000 installations, a total of 2,000 million tonnes of CO2, 45% of greenhouse gases emissions in the European Community.
In the past two years, two directives have been passed, which expand and modify the emission trading system, these are:
- Directive 2008/101/EC of the European Parliament and of the Council of 19 November 2008 amending Directive 2003/87/EC so as to include aviation activities in the scheme for greenhouse gas emission allowance trading within the Community.
- Directive 2009/29/EC of the European Parliament and of the Council of 23 April 2009 amending Directive 2003/87/EC so as to improve and extend the greenhouse gas emission allowance trading scheme of the Community.
Among other consequences deriving from its passing, the inclusion of the aviation sector trading regime has led to the necessary adjustment of the total volume of emission allowances of the entire European Union.
The aviation industry operators must submit before 30 April 2010, to the Autonomous Communities competent bodies, emissions data for the years 2007 and 2008. Such data must be properly documented and independently verified by an accredited verifier in the field of greenhouse gas emission allowance trading.
Likewise, the greenhouse gas emission allowance trading scheme will be extended from 2013 to activities listed in Annex of the Law 5/2009 on the Extension of Trading Scheme allowances, among which those installations producing nitric acid, adipic acid and ammonia as well as organic chemical industries among others.
MediTerra counts with experts in the preparation of reports and procedures for calculating CO2 emissions for different sectors. MediTerra has also participated in investigations of greenhouse gas emission allowances for accredited verifiers.