Registry brings together member states’ carbon allowance accounts
A registry that brings together the European Union’s carbon allowance accounts, currently stored in national registries, has been partly activated this week. Full activation will take place this summer. The European Commission made the move following a court ruling last year that, despite opposition to its Emissions Trading Scheme, declared that it was legal. Airlines can now open accounts in this central EU registry and become eligible for free allowances.
At the end of February, the registered airlines will get an initial tranche of aviation carbon permits, around 181 million of which are due be distributed this year. Airlines have already started buying ETS carbon permits and a number of them, such as Lufthansa, have said that the cost will be integrated into passenger fares.
[Photo courtesy NASA Goddard Space Flight Centre]