In Belgium, the European Commission said it has adopted a decision on the allocation of EU ETS emission allowances to airlines for the use of sustainable aviation fuels in 2024.
This follows calculations by member states’ authorities for commercial airlines, and marks a key step in implementing the additional support mechanism under the EU Emissions Trading System (ETS) to promote SAF uptake, the body said.
The latest amendment to the EU ETS Directive introduced a dedicated support system to accelerate the use of SAF by granting free EU ETS allowances for the uplift of these fuels. Starting in 2024, 20 million EU ETS allowances, are set aside for this purpose.
For the first year of application, 2024, the support amounts to about 1.3 million allowances, worth approximately $117 million, distributed between 53 operators.
The support system covers all or part of the price difference between fossil kerosene and the eligible SAF used by individual commercial aircraft operators on their flights covered by effective carbon pricing through the EU ETS.
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