What kinds of allowances can be used?
The ETS for aviation is interlinked with the existing EU-ETS for stationary installations. Aircraft operators will have the flexibility to use unlimited allowances from the existing scheme. There will also be the possibility to use allowances from the Kyoto mechanisms. This gives operators the opportunity to invest in emissions reducing projects in developing countries (under the “clean development mechanism”) or in industrialised countries (“joint implementation”). Alternatively, such allowances may be bought on carbon markets. However, it should be noted that as in the existing EU-ETS, the number of allowances from Kyoto mechanisms is limited to 15% of the allocation in 2012. This percentage will drop considerably from 2013.
