With less than four months to go before the March 31 deadline for aircraft operators to submit independently verified emissions reports for the European Union Emissions Trading Scheme (EU-ETS), there is still widespread confusion as to how the verification process will work for many in the business aviation sector.
If you 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 cap-and-trade scheme goes into effect on Jan.
Europe’s emissions trading scheme (ETS) is not much more than a year away, with a mandatory introduction date of January 1, 2012, for all operators making even the shortest flights into the continent’s airspace, and yet there is still widespread confusion about how key aspects of the system will work.
Eurocontrol has released its so-called smaller emitters tool for calculating carbon dioxide (CO2) emissions for the purposes of compliance with Europe's emissions trading scheme (ETS) even though the agency has yet to complete formal negotiations with member state Ukraine, which has been holding out from approving the program since May.
Airlines that will be subject to Europe’s new emissions trading scheme (ETS) beginning in January 2012 should start verifying their recorded emissions for 2010 as early as next month, according to ETS experts. Even though emissions reports covering 2010 do not need to be submitted to European Union member state authorities until the end of March 2011, this first-time verification process could prove tricky.
There is no silver bullet for reducing the effect of business aviation on the environment, most industry analysts agree, but the combination of new technology–such as engines and airframe components–improved ATC techniques and biofuels promises to dramatically reduce business aviation's carbon footprint.
Smaller European airlines have been warned that inaccurate monitoring of aircraft emissions data could cost them €1 million ($1.23 million) over the first reporting cycle for the new emissions trading scheme (ETS), spanning 2012 to 2020.
Eurocontrol appears to be close to finally approving the funding and development of its ETS Support Facility, which would give business aircraft operators a relatively cost-effective way of meeting their obligations to monitor, report and verify carbon dioxide (CO2) emissions under Europe’s emissions trading scheme (ETS).
The European Commission’s latest list of operators subject to the emissions trading scheme (ETS) is still incomplete and inaccurate, according to companies that are trying to help operators comply with the new environmental requirement.
Twelve months ago many of the business aircraft operators who had any intention of flying in European airspace were probably still blissfully unaware of the continent’s new emissions trading scheme (ETS), despite the fact that the European Commission had given at least a couple of years’ notice of its intention to extend the cap-and-trade system to aviation. Beginning this month (Jan.