For Middle Eastern aircraft operators that 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 carbon credits scheme goes into full effect just over a year from now on Jan.
European Union Emission Trading Scheme
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.
After years of hair-splitting debate and tactical vacillation, the International Civil Aviation Organization (ICAO) finally has agreed to what it characterized as the first global approach to reducing air transport’s effect on climate change.
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.
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.
Honeywell is offering a new emissions monitoring service for business jets operating in European airspace to assist in compliance with European Union emissions trading scheme (EU-ETS) requirements. Phoenix-based Honeywell will compile and store carbon emissions data based on flight plans, number of passengers and freight information for business jet operators.
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.
As the European Union emissions trading scheme (EU ETS) expands to cover aircraft flying into and out of the EU starting in 2012, airlines based all around the world stand to feel the effects. Of course, U.S. regional airlines don’t fly into Europe, and until recently few of them spent much time considering the prospect of taxes on their carbon emissions.
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.