Although the intentions were good, in reality rolling out the EU emissions trading system (EU ETS)–considered a cornerstone of the European Union’s policy to combat climate change and the key tool for reducing industrial greenhouse gas emissions in a cost-effective manner–to international aviation has backfired spectacularly.
NBAA lauded the European Council’s move to continue to “stop the clock” on further implementation of the European Union Emissions Trading Scheme (EU-ETS), while ICAO representatives work on a plan to address aircraft emissions worldwide. The EC agreed last Monday to extend the “stop the clock” provision affecting non-European operators until the fall of 2016, when representatives at the next ICAO Assembly are expected to move forward on an international framework for both technological and market-based emissions-curbing measures for the industry.
Despite an apparent historic consensus at the ICAO Triennial Assembly in Montreal in early October to develop a global market-based mechanism for managing aircraft emissions, the European Commission (EC) has pressed ahead with plans to implement its emissions trading scheme (ETS) in the meantime.
The European Commission is proposing for its existing emissions trading scheme (ETS) amendments that would confirm the continued exemption from the cap-and-trade system for flights outside the airspace of the 28 European Union member states as well as European Economic Area states Iceland, Liechtenstein and Norway.
The European Commission is proposing amendments to its existing emissions trading scheme (EU-ETS) that would confirm the continued exemption from the cap-and-trade system for flights outside the airspace of the 28 European Union member states, as well as European economic area states Iceland, Liechtenstein and Norway.
Responding to member feedback, NBAA president and CEO Ed Bolen has clarified the organization’s position on any potential aircraft emissions deals under consideration at the two-week-long, triennial ICAO assembly that started yesterday. Earlier this week, NBAA said it welcomed signs that a proposal under consideration at ICAO might lead to a global compromise solution to addressing aircraft carbon emissions.
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.
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.
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.
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