Connect with us

Hi, what are you looking for?

Commodities & Futures

Britain publishes CO2 permit free allocation list for aviation

Commodities34 minutes ago (Jun 29, 2021 02:36AM ET)

(C) Reuters. A passenger plane flies towards Heathrow airport at dawn in London, Britain, September 12, 2016. REUTERS/Toby Melville/Files

LONDON (Reuters) – Britain has published a list of the number of free UK carbon permits each aircraft operator will receive from 2021-2025 under the country’s domestic emissions trading system (ETS), the government said.

The ETS is a method of charging power plants and other industrial entities for each tonne of carbon dioxide they emit. Britain launched its own market to replace the European Union’s ETS after it left the bloc.

The UK’s ETS applies to energy intensive industries, the power generation sector and aviation.

Under the scheme, some installations and aircraft operators can get free emissions permits to reduce the risk of businesses transferring their activities to other countries due to climate costs.

The government said free permits for the 2021 scheme year will be allocated to operator holding accounts in the UK ETS registry in the coming weeks, following administrator approvals.

Britain publishes CO2 permit free allocation list for aviation

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stock

Stock Markets25 minutes ago (Jul 16, 2021 05:46PM ET) (C) Reuters. FILE PHOTO: Johnson & Johnson’s Neutrogena Cool Dry Sport sunscreen, which is part...

Tech

Builders, creators and developers, this one’s for you! TechCrunch has always been about discovering fresh solutions and shining the light on exciting, new products...

Disclaimer: Wisegazette.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Wise Gazette. All Rights Reserved