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The Environment Agency of Iceland (EAI) has now issued free allowances for 2013 and 2014 to all five operators that fall under the Emissions Trading System (EU ETS) and applied for free allowances. The total allocation for these five operators was 1.462.844 allowances for 2013 and 1.437.438 for 2014.

 


Operator Allocation
2013 2014 2015 2016 2017 2018 2019 2020
Alcan á Íslandi hf. 278.456 273.620 268.727 263.782 258.784 253.738 248.629 243.501
Alcoa Fjarðarál sf. 501.832 493.116 484.297 475.386 466.379 457.285 448.077 438.837
Norðurál Grundartanga ehf.
 396.164  389.284  382.322  375.287  368.177  360.997  353.728  346.434
Elkem Iceland 281.834 276.939 271.986 266.981 261.923 256.816 251.645 246.456
Fiskimjölsverksmiðja
Loðnuvinnslunnar hf., Fáskrúðsfirði
4.558 4.479 4.399 4.318 4.236 4.153 4.070 3.986
Allocations are in whole tonnes of CO2

The EAI will issue allowances to operators of stationary installations by 28 February of each year allowances that aret o be allocated that year. 

According to Act no. 70/2012 on Climate Change, EAI allocates allowances free of charge to operators of stationary installations that fall under the EU ETS. The allocation covers the trading period 2013-2020 and is based on historical emissions and benchmarks set out in Regulation no. 73/2013, with later amendments, by the Minister for the Environment and Natural Resources.

Further information about free allocation undert he EU ETS can be found on the European Commission website.