Leipzig, 7 February 2012

The European Energy Exchange (EEX) will soon offer emission allowances for the airline industry for trading. The so-called European Aviation Allowances (EUAA) are special EU emission allowances which can only be used by airline companies for compliance purposes.

EEX is planning to launch the Derivatives Market for EUAA at the beginning of the second quarter and a Spot Market is to be established by mid-2012. With this step EEX makes an active contribution to the further development of EU emissions trading scheme (EU ETS) and opens its market for a new group of participants. The European airline industry is the second biggest industry to be integrated into EU ETS after the energy suppliers.

As of 2012, all airlines flying to and from Europe are obliged to cover their carbon dioxide emissions with emission allowances. In order to fulfill their commitments in the framework of EU ETS, aircraft operators can submit both EUAA and regular EU emission allowances (EUA) or certified emission reductions (CER)..

Ends --

See more at www.eex.com