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.
European Union Emission Trading Scheme
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.
EBAA here on Tuesday outlined its proposal for carbon offset pooling as an alternative means of compliance for the European Union emission trading scheme (ETS), in an effort to keep the administrative burden acceptable for small business aircraft operators.
According to the European Union’s CO2 emission trading scheme (ETS), each affected facility is allotted a certain number of CO2 emission permits, based on its past emissions. For example, if a facility emitted an average of 100,000 tons per year during a given period, it will be allotted (on a free basis) 90,000 tons per year for the next four years.
The need to demonstrate environmental responsibility while remaining operationally viable has been identified as the biggest single challenge facing business aviation. This has prompted the business aviation industry to offer self-governing carbon-offset-based alternatives to the European Union’s CO2 emission trading scheme (ETS).
The outlines of aviation’s place in the EU Emission Trading Scheme– a CO2 emission permit market–are becoming clearer. Experience from other industries gives trading experts confidence that aviation’s absorption will be smooth but expensive.
The European Parliament and Council of the European Union are debating the inclusion of aviation in Europe’s Emissions Trading Scheme (a so-called “cap and trade” system for CO2 emissions) under the European Community’s “co-decision process.” Key votes are due this month from the transport and environment committees of the Parliament, before a plenary session next month potentially sets its final form in concrete if the two Community institut
The European Parliament and Council of the European Union are debating the inclusion of aviation in Europe’s Emissions Trading Scheme (a so-called “cap and trade” system for CO2 emissions) under the European Community’s “co-decision process.” Key votes are due next month from the transport and environment committees of the Parliament, before a plenary session in November potentially sets its final form in concrete if the two Community institu
Will flying one day be as taboo as smoking is today, at least in most of Europe? Will it become socially unacceptable in the future to travel by air? Experts who see an unprecedented attack on air transport’s environmental footprint are posing these questions, challenging the industry’s growth for the first time in several decades.
The House of Representatives passed a bill yesterday that would prohibit U.S.-based aircraft operators from participating in the European Union Emissions Trading Scheme (EU-ETS). The House previously approved a similar bill last year. The new House measure, “The European Union Emissions Trading Scheme Prohibition Act,” was based on a bill sponsored in the Senate by Senators John Thune (R-S.D.) and Claire McCaskill (D-Mo.). The bill now awaits President Obama’s signature.