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.