Act on Aviation Emissions Trading (34/2010)
The act stipulates that aircraft operators should monitor their emissions and submit a report to the transport safety authority regularly during the emissions trading periods. It stipulates emission allowances and that 3% of total aviation emission allowances be set aside during each emissions trading period starting in 2012.
Implementation of this act is further strengthened by the Decree of the Ministry of Transport and Communications on the monitoring and verification of carbon dioxide emissions and tonne-kilometre data, and on the approval of verifiers (63/2010).
97% historical aviation emissions cap, then 95% of previous year each year following by 2020 against a 2011 baseline