President Barack Obama closed the legislative loop on U.S. refusal to comply with the European Union’s emissions trading scheme (ETS) on November 27, when he signed S.1956, legislation that orders the Secretary of Transportation to prohibit U.S. aircraft operators from participating in the carbon tax plan. The legislation also calls for the government “to conduct international negotiations to pursue a worldwide approach to address aircraft emissions.”
The business aviation lobby broadly welcomed the European Commission’s sudden suspension of the application of its controversial emissions trading scheme (ETS) for flights in and out of the European Union (EU). The move seems to head off the immediate threat of a trade war with major powers such as the U.S., China, Russia, India and Japan but, significantly, ETS will still apply to intra-EU flights, regardless of whether or not the operators involved are based in the EU.
President Obama closed the legislative loop on U.S. refusal to comply with the European Union’s Emissions Trading Scheme (EU-ETS) on Tuesday, when he signed S.1956, a bipartisan measure that orders the Secretary of Transportation to prohibit U.S. aircraft operators from participating in the carbon tax plan.
The airline lobby has broadly welcomed last week’s sudden announcement by the European Commission that it would suspend the application of its emissions trading scheme (ETS) for flights in and out of the European Union. However, European airlines have protested the fact that the ETS will still apply to intra-EU flights, arguing that the exception poses an anti-competitive cost burden that most non-EU operators will not now have to carry.
The European Commission (EC) has backed down in the face of mounting political pressure, announcing that it will suspend its requirement for non-European Union aircraft operators to comply with its emissions trading scheme (ETS).
The European Commission has suspended the implementation of its emissions trading scheme for international flights in and out of the European Union for 12 months on the grounds that it now expects to see a deal on a multilateral global alternative at the next ICAO Assembly.
Commodities trading specialist CF Partners is offering what it says will be an easy way for aircraft operators to buy and sell carbon credits as part of their obligations under the European Union’s emissions trading scheme (ETS). The service has been launched in partnership with ETS Aviation, which already helps operators with the carbon emissions monitoring, reporting and verification aspects of ETS compliance, with its Aviation Footprinter and Support Services products.
Universal Weather & Aviation has expanded its European emissions trading scheme (EU-ETS) portal to provide better access for operators looking to purchase carbon credits. “For business aviation operators, Phase III of EU-ETS will be the first time they’ve been required to participate in the carbon market,” said Adam Hartley, Universal’s supervisor of global regulatory services. To minimize confusion on the part of customers, the company has selected CFP Energy to serve as a carbon brokerage, and extended its 24/7 support and assistance with ETS monitoring and reporting requirements.
A refreshing perspective on the European Union’s Emissions Trading Scheme went largely unnoticed last week, when organizers of a conference call to discuss a new study commissioned by the German Marshall Fund of the United States canceled the event due to a lack of registrants.
U.S. airlines and their Congressional allies have based their opposition to the European Union’s emissions trading scheme largely on the bogus contention that it amounts to an infringement of national sovereignty, according to a policy brief commissioned by the German Marshall Fund of the United States and produced by Washington, D.C.-based consultancy Climate Advisors. The new report, published on October 11, argues that international aviation rules generally allow nations to regulate flights in and out of their territories, as long as they don’t discriminate against foreign carriers.