Carbon finance

April 23, 2012 - 10:00am
U.S. Ambassador to ICAO Duane Woerth

The airline industry, major manufacturers and some two dozen nations have argued that aviation emissions should be addressed by the International Civil Aviation Organization (ICAO), not by the European Union and its

April 2, 2012 - 10:10am
Aviation industry representatives appeared March 28 at House roundtable discussion on European ETS.

The U.S. should file a formal complaint under the treaty that created the International Civil Aviation Organization (ICAO) to gain relief from Europe’s unpopular emissions trading scheme (ETS) for aircraft, representatives of the aviation industry told sympathetic lawmakers March 28 in Washington, D.C.

March 29, 2012 - 1:15pm

Gulfstream Aerospace senior flight operations technical specialist Leo McStravick testified at a House aviation subcommittee meeting yesterday to express the business aviation community’s opposition to the European Union Emissions Trading Scheme (EU-ETS). In addition to imposing a costly administrative burden on businesses flying from the U.S. to European destinations, McStravick noted that EU-ETS is discriminatory because businesses that use general aviation are not eligible for carbon offsets, as they are not defined as “commercial.”

March 19, 2012 - 1:53pm
China Southern A380

Europe’s Emissions Trading Scheme (ETS) not only has many international airlines and governments concerned, but now even at least one of the world’s two biggest OEMs has joined the chorus of protest after China blocked a sale of Airbus A380s to Hong Kong Airlines.

March 12, 2012 - 10:00am
U.S. Transportation Secretary Ray LaHood speaks at 2012 FAA Forecast Conference.

Critics vented frustration with Europe’s emissions trading scheme (ETS) during the FAA Forecast Conference March 8 in Washington, D.C. Leading the chorus of criticism, U.S. Transportation Secretary Ray LaHood hinted that the U.S. government is considering “enforcement measures” to counter the European Union regulati

March 3, 2012 - 4:05am
Global 5000

Operators flying in Europe can expect overall charges such as airspace and airport fees (including noise tariffs) to double when European Union Emissions Trading Scheme (EU-ETS) costs are added in for transatlantic flights. According to a preliminary report obtained last month by AIN from UK-based EU-ETS consultants SustainAvia, a U.S. Part 91 corporate flight department flying 15 round trips per year from New York JFK to Munich Airport in a Gulfstream G450 could pay nearly $35,000 annually in EU-ETS fees. That comes to more than $2,300 in extra costs per round trip to Europe.

February 28, 2012 - 2:43pm

Sometimes the simplest solution is the best, but good luck getting politicians on board when the subject involves the emissions trading scheme (ETS), which was implemented by the European Union on January 1.

February 14, 2012 - 6:45pm

Hawaiian Airlines received the first-ever aviation-based carbon credit this week. Known as Verified Carbon Units, the credits get issued under the requirements of the Verified Carbon Standard using a new methodology developed by Pratt & Whitney that provides a validated process for calculating CO2 savings using the company’s EcoPower engine wash.

February 14, 2012 - 3:45pm

A U.S. Part 91 corporate flight department flying a Gulfstream G450 could pay nearly $35,000 annually to comply with the European Union Emission Trading Scheme (EU-ETS), according to a preliminary report released exclusively to AIN by UK-based EU-ETS consultants SustainAvia.

February 14, 2012 - 1:45pm

Unless it is renegotiated and resolved, the European Union’s emissions trading scheme (ETS) may degenerate and lead to far-reaching damage to the traveling public and trade relations between countries, according to Andrew Herdman, director general of the Association of Asia Pacific Airlines (AAPA).

 
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