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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 December 2022 - onwards
Version 2 of 2

Article 34M Processing of applications and calculation of aviation free allocation entitlement

(1) Where an application is made in accordance with article 34L, the regulator must submit to the UK ETS authority -

(a) the application and any related information the regulator holds; and

(b) a calculation of the applicant's aviation free allocation -

(i) for each scheme year in the 2021-2025 allocation period, or

(ii) where the application is made in accordance with article 34L(7), for the 2023, 2024 and 2025 scheme years in that allocation period,

applying paragraphs (2) to (6);

(2) The number of allowances that make up an applicant's aviation free allocation entitlement for each scheme year in the 2021-2025 allocation period is 0.000642186914222035 multiplied by the applicant's historical aviation activity figure multiplied by the reduction factor for the scheme year.

(3) The applicant's "historical aviation activity figure" is the sum of all persons' historical aviation activity levels that are -