The cost for airlines of joining the EU's emissions trading scheme (ETS) in 2012 will be approximately €1.1B (£960M) using a carbon price of €12 per tonne - or a total of €10.4B between now and the end of 2020, according to analysis by Thomson Reuters Point Carbon. The European Commission is expected to issue 176M allowances to airlines for free for the year 2012, worth around €2.IB at today's carbon price of €12.16. Airlines are forecast to need to buy a further 88M allowances, worth €1.1B. On average, all scheduled carriers are to receive 56% of the allowances they need. The airlines in the scheme are treated very differently by the process of allocating allowances for free. Scheduled carriers get between 20% and 100% of the allowances they will need in 2012, according to the analysis. Some will have a very small shortfall, while others will have to buy nearly everything they need.
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