Carbon finance

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.

June 7, 2012 - 5:40pm

Transportation Secretary Ray LaHood told a Senate panel yesterday that the Obama Administration has “not taken a position” on anti-ETS legislation working its way through Congress, but is actively studying the possibility of filing an Article 84 complaint with the International Civil Aviation Organization. Describing the European Union’s Emissions Trading Scheme (EU-ETS) as “precedent setting,” the former Republican congressman declared, “This is not the way to treat your friends.”

May 18, 2012 - 12:11pm

AIN journalists bring listeners up to date on three major issues. Liz Moscrop looks into illegal charters, James Wynbrandt tackles the EU’s impending emissions trading scheme, and Bill Carey researched the Single European Sky.

May 15, 2012 - 10:45pm
Curado

Frederico Curado, Embraer president and CEO, called on the aviation industry during a luncheon speech to The Wings Club on Tuesday at EBACE 2012 in Geneva to work collectively against environmental charges. He said the industry is making more efficient aircraft and “should send the message clearly that we’re not the bad guys here” when it comes to the environment.

May 15, 2012 - 4:40pm
Ruberte

While business aircraft operators tear their hair out trying to comply with the European Union’s controversial emissions trading scheme, the issue is threatening to escalate into a full-blown trade war. But an EBACE panel on ETS here in Geneva yesterday heard that the EU appears to have no intention in backing down, with the discussion underscoring the vast gulf between the aims of the carbon cap-and-trade policy and the realities of compliance.

May 14, 2012 - 7:50pm
Opening session

Many business aviation operators could lose their livelihoods because of political tussles between the European Union (EU) and the rest of the world, especially over the EU emissions trading scheme (ETS). This was the clear message underpinning the opening general session of EBACE 2012 yesterday, when a panel of EU regulators joined Fabio Gamba, CEO of the European Business Aviation Association (EBAA), and Ed Bolen, president of the U.S.

May 14, 2012 - 1:35pm

EBAA CEO Fabio Gamba and NBAA president and CEO Ed Bolen gave a panel of European regulators an earful about the EU Emissions Trading Scheme this morning at the EBACE 2012 opening general session. The EU officials included Matthew Baldwin, the European Commission’s director for aviation and transport policy; Marian Jean Marinescu, a member of the European Parliament; and Salvatore Sciacchitano, executive secretary of the European Civil Aviation Conference.

May 13, 2012 - 3:00pm
Fabio Gamba

European policy makers will this morning be told to stop kicking business aviation while it’s down at the opening general session of the 2012 EBACE show. New rules on airport slots, the emissions trading scheme (ETS) and new taxes imposed by Europe’s cash-strapped governments are all conspiring to keep the industry’s prospects flat, according to business aviation leaders gathering here in Geneva yesterday.

May 3, 2012 - 1:55am

“All of aviation, including general and business aviation, as well as the airlines, is working together really well to continually improve the environment,” NBAA president and CEO Ed Bolen declared last month during opening comments on a panel discussion about the European Union’s Emissions Trading Scheme. But he quickly added, “We are also working together to fight wrong-headed environmental regulations that don’t work.”

 
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