How many free allowances are allocated to each operator?
As EU-ETS is a 'Cap and Trade' scheme The first allocations were made in the year 2012. The European Commission published the benchmark values used to allocate greenhouse gas emission allowances free of charge to more than 900 aircraft operators.
Publication of the benchmark values enables operators to calculate their free allocation of allowances up to 2020. There were two benchmarks set initially, One benchmark has been calculated for the 2012 trading period and another for the 2013-2020 trading period. In the 4th Phase of EUETS from 2021 Linear Reduction Factor is applied at 2.1%. Free allowances will be systematically phased out from 2024 to 2026.
» Go to the EC web site
Publication of the benchmark values enables operators to calculate their free allocation of allowances up to 2020. There were two benchmarks set initially, One benchmark has been calculated for the 2012 trading period and another for the 2013-2020 trading period. In the 4th Phase of EUETS from 2021 Linear Reduction Factor is applied at 2.1%. Free allowances will be systematically phased out from 2024 to 2026.
» Go to the EC web site
