NBAA and its European counterpart, EBAA, have welcomed signs that a proposal under consideration at ICAO might lead to a global compromise solution to addressing aircraft carbon emissions. The measure is expected to be ratified this week at the 38th ICAO Assembly, which opened today in Montreal.
Climate change policy
The general assembly of the International Civil Aviation Organization (ICAO) this week will debate proposals for a global market-based mechanism (MBM) to control the increase in carbon-dioxide emissions from air transport. As an interim measure aimed at reaching consensus, negotiators for the 28-state European Union (EU) have offered to alter its existing emissions trading scheme (ETS) so that it would apply only to flying activity within EU airspace and not to all stages of intercontinental flights.
Jet Aviation added the 101st client for its European Union Emissions Trading System (EU-ETS) management support services. Since the EU-ETS trading phase started earlier this year, Jet Aviation began offering EU-ETS management support services to help its customers seamlessly comply with the regulations and avoid non-compliance fees. “Our turnkey compliance solution is particularly helpful to small operators who don’t have in-house staff to ensure they are complying with the EU-ETS requirements,” said Matthias Gruber, manager of Jet Aviation’s EU-ETS services.
The financial performance of U.S. airlines improved from “razor thin margins to paper thin margins” during the first half of the year, as passenger airlines collected 2.1 cents in profit for every dollar of revenue, according to trade organization Airlines for America (A4A). In a quarterly media briefing on August 22, A4A said airlines benefited from a small decrease in fuel prices, their largest cost.
This week’s EBACE show will be the second that Fabio Gamba has presided over since becoming chief executive of the European Business Aviation Association (EBAA) in September 2012. He joined the bizav community after serving as deputy general secretary of the Association of European Airlines. The EBAA board specifically wanted to tap the political skills of the powerful airline lobby in a bid to avoid business aviation’s interests being overlooked by European authorities.
Small airlines face the prospect of fines for failing to meet the European Union’s April 30 deadline for submitting carbon credits under the emissions trading scheme (ETS), according to carbon trading specialist CF Partners. Although the European Commission agreed last November to suspend the application of ETS for flights to and from points outside the EU, the cap-and-trade scheme still applies to flights between EU airports.
Jet Aviation expanded its management support service offerings to help aircraft owners and operators comply with the upcoming April 30 deadline for emissions allowances under the European Union Emissions Trading Scheme. All operators that are required to surrender emission allowances must open a union registry account in their appointed member state and submit the allowances by the deadline or face penalties. Jet Aviation is providing union registry account opening and administration services to help operators comply with the regulations and avoid non-compliance fines.
Some business aviation and smaller airline operators are facing the prospect of fines for failing to meet the European Union’s April 30 deadline for submitting carbon credits under the emissions trading scheme (ETS), according to carbon trading specialist CF Partners.
“There are still a number of battles to win if we are to see business aircraft flight activities in Europe return to pre-crisis rates,” EBAA chairman Rodolfo Baviera said at the association’s annual general meeting, held on Friday in Brussels. “EBAA has established a set of key priorities aimed at removing growth barriers for our sector–be they financial or operational–to ensure that we can continue meeting the demand” for business aircraft travel.
The International Air Transport Association (IATA) called for governments to reach a consensus on a global approach to market-based measures (MBMs) to help aviation manage its carbon emissions during this week’s Greener Skies Conference in Hong Kong.