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.
Jet Aviation expanded its management support service offerings to help aircraft owners and operators comply with the upcoming April 30 deadline for emissions allowances under the European Union Emissions Trading Scheme. All operators that are required to surrender emission allowances must open a union registry account in their appointed member state and submit the allowances by the deadline or face penalties. Jet Aviation is providing union registry account opening and administration services to help operators comply with the regulations and avoid non-compliance fines.
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.
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.
President Barack Obama closed the legislative loop on U.S. refusal to comply with the European Union’s emissions trading scheme (ETS) on November 27, when he signed S.1956, legislation that orders the Secretary of Transportation to prohibit U.S. aircraft operators from participating in the carbon tax plan. The legislation also calls for the government “to conduct international negotiations to pursue a worldwide approach to address aircraft emissions.”
The business aviation lobby broadly welcomed the European Commission’s sudden suspension of the application of its controversial emissions trading scheme (ETS) for flights in and out of the European Union (EU). The move seems to head off the immediate threat of a trade war with major powers such as the U.S., China, Russia, India and Japan but, significantly, ETS will still apply to intra-EU flights, regardless of whether or not the operators involved are based in the EU.
The airline lobby has broadly welcomed last week’s sudden announcement by the European Commission that it would suspend the application of its emissions trading scheme (ETS) for flights in and out of the European Union. However, European airlines have protested the fact that the ETS will still apply to intra-EU flights, arguing that the exception poses an anti-competitive cost burden that most non-EU operators will not now have to carry.
The European Commission (EC) has backed down in the face of mounting political pressure, announcing that it will suspend its requirement for non-European Union aircraft operators to comply with its emissions trading scheme (ETS).
The European Commission has suspended the implementation of its emissions trading scheme for international flights in and out of the European Union for 12 months on the grounds that it now expects to see a deal on a multilateral global alternative at the next ICAO Assembly.
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.