Carbon finance

August 6, 2012 - 1:15pm
tony tyler

If implemented through global agreement rather than unilaterally by the European Union (EU), an emissions trading scheme (ETS) could prove effective in reducing aviation’s environmental footprint, according to Tony Tyler, director general and CEO of the International Air Transport Association (IATA).

August 2, 2012 - 4:35pm

While the U.S. Senate was taking further action this week to oppose the European Union’s Emissions Trading Scheme (EU-ETS), a coalition of industry groups sent a letter to Secretary of State Hillary Rodham Clinton and Department of Transportation Secretary Ray LaHood urging the Obama Administration to take action against what the group calls the “unilateral and unlawful” EU carbon tax.

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.

August 1, 2012 - 5:05am

The European Business Aviation Association (EBAA) continues to protest that there should be a de minimis level of activity before business aviation operators fall under the requirements of the European Union Emissions Trading Scheme (EU-ETS), due to the disproportionate costs involved and despite their ability to use Eurocontrol’s ETS Support Facility (SF) for calculating fuel-use by so-called “small emitters.”

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.

July 3, 2012 - 5:20am

Russia’s action against Finland’s national carrier, Finnair, significantly raises the stakes in the standoff between the European Union (EU) and opponents of its emissions trading scheme (ETS). The European Commission (EC) protested the move, saying that Russia is now in breach of its obligations as a new member of the World Trade Organization.

July 3, 2012 - 5:20am

The UK Department of Energy and Climate Change has introduced a process that will allow small emitters to opt out of compliance with the emissions trading scheme, but this applies only to static installations (ground-based industries). The option, which applies to facilities generating less than 25,000 metric tons of carbon dioxide (CO2), is not being made available to the aviation sector.

July 3, 2012 - 5:20am

Opponents of the European Union’s Emissions Trading Scheme (EU-ETS) were heartened last month when the International Civil Aviation Organization (ICAO) announced it expects to have a draft proposal on how to mitigate carbon dioxide from aircraft by next March.

ICAO Secretary-General Raymond Benjamin said on June 18 that the governing council of the United Nations body that oversees civil aviation worldwide would discuss “market-based measures” to reduce emissions the following week.

June 18, 2012 - 12:50pm
Russia insists that its airlines will not be subject to the European Union emissions trading scheme

Russia has raised the stakes in the increasingly bitter dispute over the European Union’s imposition of its controversial emissions trading scheme (ETS) by refusing to grant new overflight rights to Finnair and abandoning a commitment to allowing new rights to be issued free of charge.

June 14, 2012 - 3:25pm

At a European Union Emissions Trading Scheme (EU-ETS) session yesterday afternoon at the Canadian Business Aviation Association annual meeting, which started yesterday and concludes today in Toronto, EBAA CEO Fabio Gamba said he shares the audience’s frustration with the scheme’s many flaws. He readily acknowledged that the EU-ETS discriminates against business aviation and fails to encourage operators to reduce their carbon footprint.

 
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