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The Low Carbon Economy Ltd

08 Mar 2011 12:03:13

EC sets emissions allowances for aviation industry

EC sets emissions allowances for aviation industry
The European Commission (EC) has released details of the number of allowances to be granted to the aviation industry when it joins the Emissions Trading Scheme (ETS).

Using the mean average annual emissions for 2004 to 2006, the commission will issue permits equating to 212,892,052 tonnes of CO2 for 2012, which equates to 97 percent of historic CO2 emissions.

For 2013 this figure will be decreased to 208,502,525 tonnes, or the same as 95 percent of historic CO2 emissions.

The baseline for the aviation industry is different to the 1990 baseline for other ETS participants because of the growth seen in the sector over the past 15 years, the EC said.

Some 82 percent of the allowances will be made available free to airlines, while 15 percent will be offered for auctioning and three percent will be reserved for either new or fast growing airlines.

Connie Hedegaard, European commissioner for climate action, said: "Emissions from aviation are growing faster than from any other sector and all forecasts indicate they will continue to do so under business as usual conditions. Firm action is needed." ADNFCR-1235-ID-800448594-ADNFCR

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