Will aviation give the EU ETS a lift next year?

Giving carbon a lift?

Virgin Atlantic aeroplane

Aviation, which now accounts for 10% of greenhouse gas emissions covered by the European Union Emissions Trading Scheme (EU ETS), will fall under the remit of the scheme from January next year and airlines landing in the EU will have to show they have carbon emissions allowances (EUAs) to cover those flights.

As European airlines prepare to comply with the EU ETS, estimates for how many EUAs they will need to buy have risen sharply with several airlines saying they will need to buy double the amo