Carbon credit

January 20, 2014 - 12:33pm

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.

August 26, 2013 - 11:50am

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.

April 1, 2013 - 6:00pm

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.

March 26, 2013 - 3:10pm

Some business aviation and smaller airline operators are facing 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.

January 3, 2013 - 2:48am

ETS is still in full force for all flights between airports in the 27 European Union states, and also in the so-called European Economic Area (also including Iceland, Norway and Liechtenstein) as well as Switzerland and Croatia. The European Commission has made it clear that non-European operators will still be required to complete the monitoring, reporting and verification (MRV) process for carbon dioxide emissions from intra-European flights. They will also be required to submit carbon credits covering these emissions. Legal opinion seems to be in agreement that the new U.S.

November 3, 2012 - 12:10am

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.

November 1, 2012 - 11:20am

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.

September 25, 2012 - 4:00pm

Several aviation groups, including NBAA and Airlines for America, applauded the Senate’s passage of legislation in the early hours on Saturday that prohibits operators of U.S. aircraft from participating in the European Union Emissions Trading Scheme (EU-ETS), which would require them to buy carbon credits to cover aviation carbon dioxide emissions. The Senate bill, S.1956, the “European Union Emissions Trading Scheme Prohibition Act,” directs the transportation secretary to prevent all U.S.

August 2, 2012 - 2:20am

TAG Aviation is tapping its own experience of having to comply with the European Union’s emissions trading scheme (ETS) to provide support to other business aircraft operators in dealing with what remains a burdensome process. Through the new TAG ETS Solutions service, the Switzerland-based business aviation services group can provide a full turnkey package covering all requirements for monitoring, reporting and verifying carbon dioxide (CO2) emissions, as well as actually purchasing carbon credits, which operators will have to do beginning in April next year.

July 24, 2012 - 1:15pm

TAG Aviation is tapping its own experience of having to comply with the European Union’s emissions trading scheme (ETS) to provide support to other business aircraft operators in dealing with what remains a burdensome process. Through the new TAG ETS Solutions service, the Switzerland-based business aviation services group can provide a full turnkey package covering all requirements for monitoring, reporting and verifying carbon dioxide (CO2) emissions, as well as actually purchasing carbon credits, which operators will have to do from April 2013.

 
X