ATW Daily News
European Parliament amends ETS
Friday October 10, 2008European Parliament's Committee on the Environment, Public Health and Food Safety this week voted to amend the EU's emissions trading scheme, increasing the number of emissions certificates that will be auctioned to 20% in 2013 (from 15% in 2012, when the ETS becomes effective) and to 100% in 2020. In addition, the 95% emissions allowance cap set for 2013 will be reduced annually "by a linear reduction factor" thereafter, the International Air Carrier Assn. said. DG Sylviane Lust said, "The reopening of the debate on aviation ETS is not serious and creates a high level of financial and legal uncertainty for airlines." She urged the European Council "to see reason and stick to what was agreed to in the summer."
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