BA to receive 10.3m carbon credits
01.10.11
British Airways will get 10.34 million free carbon permits next year, or around 6% of the total allocated to airlines under the EU's cap-and-trade scheme. The allocation is worth around €112 million. easyJet will receive 3.70 million allowances and Virgin atlantic 3.58 million.
The Department of Energy and Climate Change published allocation figures for 249 UK-registered airlines yesterday, detailing how the country's share of 56.7 million free carbon permits will allocated. The figures show UK airlines will receive almost a third of the total 183 million free permits to be handed out by the 30 countries that participate in the EU emissions trading scheme.
The allocation of free permits amounts to 85 percent of the sector's 2012 ETS cap and 82 percent of the emission limit for each year of the 2013-2020 trading period. But because the cap is based on airline emissions from 2004-2006, most carriers are expected to have a permit deficit, meaning they will need to buy additional allowances or UN-backed offsets to comply with the limits.
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