News that Volga-Dnepr Airlines received free credits under the UK’s emissions trading scheme a day after Russia launched its full-scale invasion of Ukraine has bought the ETS under the spotlight.
Volga-Dnepr gained 8,700 free credits on 25 February 2022, thus avoiding a £690,000 bill, according to OpenDemocracy.
Under the ETS, companies must buy a permit, which can be traded in the open market, for each tonne of carbon they emit. But one …
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