Carbon credit

March 3, 2012 - 4:05am
Global 5000

Operators flying in Europe can expect overall charges such as airspace and airport fees (including noise tariffs) to double when European Union Emissions Trading Scheme (EU-ETS) costs are added in for transatlantic flights. According to a preliminary report obtained last month by AIN from UK-based EU-ETS consultants SustainAvia, a U.S. Part 91 corporate flight department flying 15 round trips per year from New York JFK to Munich Airport in a Gulfstream G450 could pay nearly $35,000 annually in EU-ETS fees. That comes to more than $2,300 in extra costs per round trip to Europe.

February 14, 2012 - 6:45pm

Hawaiian Airlines received the first-ever aviation-based carbon credit this week. Known as Verified Carbon Units, the credits get issued under the requirements of the Verified Carbon Standard using a new methodology developed by Pratt & Whitney that provides a validated process for calculating CO2 savings using the company’s EcoPower engine wash.

February 14, 2012 - 3:45pm

A U.S. Part 91 corporate flight department flying a Gulfstream G450 could pay nearly $35,000 annually to comply with the European Union Emission Trading Scheme (EU-ETS), according to a preliminary report released exclusively to AIN by UK-based EU-ETS consultants SustainAvia.

January 4, 2012 - 12:40am

The European Union’s controversial emissions trading scheme (EU-ETS) officially takes effect beginning January 1 against a backdrop of ongoing political protests and legal challenges. But for business aircraft operators, the more immediate concern is to be ready to meet the next set of requirements for monitoring, reporting and verifying their carbon dioxide (CO2) emissions and preparing to start trading carbon credits.

December 8, 2011 - 3:08pm

The European Union Court of Justice has moved up the date it plans to issue a final ruling on Europe’s emissions trading scheme (ETS) to December 21, according to a Reuters article

October 3, 2011 - 5:05pm
Despite passenger traffic growth this year, ERA officials, including president M

Europe’s regional airlines achieved 7.1 percent passenger growth during the first six months of 2011, according to figures published by the European Regions Airline Association (ERA) at its annual general assembly held in Rome last week.

August 1, 2011 - 7:30am
American Airlines has joined the chorus protesting against the application of...

Political pressure against the application of the European Union’s emissions trading scheme to non-European aircraft operators has intensified, with bipartisan support in the U.S. for legislation that would make it illegal for U.S. operators to comply with ETS. The European Union Emissions Trading Scheme Prohibition Act of 2011 would require the U.S. Secretary of Transportation to ensure that U.S.

January 31, 2011 - 7:40am

Operators failing to comply with their obligations under Europe’s emissions trading scheme (ETS) could be banned from taking off and landing at European airports. The measure is included in a draft regulation being prepared by the European Commission, which appears to be concerned that the threat of fines alone will not induce full compliance with the cap-and-trade program.

January 13, 2011 - 11:14am

Colt International is now offering a “turnkey solution” for flight departments that must comply with the European Union emissions trading scheme (EU-ETS). The aviation fuel, flight support and insurance provider said its new Emission Reporting Program will ensure that operators comply with the March 31 deadline to submit verified 2010 emissions data.

December 6, 2010 - 12:22am

For Middle Eastern aircraft operators that make even a handful of short flights into European airspace, there's no escaping the countdown to the European Union's contentious emissions trading scheme (ETS). The carbon credits scheme goes into full effect just over a year from now on Jan.

 
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