Carbon finance

October 27, 2008 - 11:21am

Flexjet, Bombardier’s fractional ownership subsidiary, has launched a carbon-offset program for its fractional owners. The company has selected Climate Care, a leading offset provider and division of J.P. Morgan’s environment markets group, as a partner in the new initiative.

October 8, 2008 - 6:41am

Worried that some small operators have not considered the ramifications of the European Union emissions-trading scheme (ETS), the European Regions Airline Association is moving to raise awareness. As the industry prepares for integration of air transport into the ETS in 2012, airlines have only until next June to claim free carbon allowances.

October 8, 2008 - 6:36am

European Regions Airline Association members face three “front-line” issues as they prepare for their annual general assembly in Manchester, England, this month: the environment, the so-called Single European Sky (SES) and safety regulation. Director-general Mike Ambrose concedes that the industry’s concerns haven’t changed much over the past year, but the scrutiny on these topics has become “more intense” since the last general assembly.

October 1, 2008 - 11:02am

The impact of the European Union’s plans to include aviation in its emission trading scheme (ETS)–a CO2 cap-and-trade system that has been in place since 2005 for ground-based facilities like coal-fired powerplants–is becoming clearer. The directive has yet to win approval, but a draft text adopted in July by the European Parliament already indicates that small operators will be exempt.

October 1, 2008 - 10:30am

“It’s not that easy being green,” sang Kermit the Frog in the first season of Sesame Street in 1970. Nearly four decades later, “being green” means something entirely different, but it still isn’t easy.

July 16, 2008 - 11:14am

IATA director general Giovanni Bisignani lambasted European governments for their alleged greediness for environmentally inefficient taxes here yesterday.

July 12, 2008 - 5:40am

The European Parliament on Tuesday voted on a detailed plan to include aviation in the EU’s emissions trading system (ETS), a carbon dioxide cap-and-trade system that has been in place since 2005 for ground-based facilities such as coal-fired power plants.
Final approval of the text in the EU lawmaking machinery is expected by year-end.

July 10, 2008 - 11:09am

The European Parliament on Tuesday voted on a detailed plan to include aviation in the EU’s emissions trading system (ETS), a carbon dioxide cap-and-trade system that has been in place since 2005 for ground-based facilities such as coal-fired power plants. Final approval of the text in the EU lawmaking machinery is expected by year-end.

July 7, 2008 - 11:34am

Aircraft and engine manufacturers participating in the Aviation and Environment Summit held in Geneva this spring pledged to reduce carbon dioxide emissions by 25 percent from 2005 levels by 2020. The 200-plus signatories of the protocol aim to preempt emission control regulation planned by governments and supranational organizations, which could encumber aircraft operators in the near future.

July 3, 2008 - 6:07am

Anyone in the air transport sector who remains unconvinced by the clarion calls for aviation to be held accountable for its impact on the environment will surely accept that sustained increases in the cost of jet fuel have removed any remaining doubt about the imperative for the industry to make more efficient use of this life-blood commodity.

 
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