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.
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.
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.
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.
Even as the EU-ETS officially takes effect for air transport, it remains under fire politically and legally from almost every direction. The U.S., China, India, Russia and numerous other states have all made high-level protests against the cap-and-trade system–in some cases backing these up with thinly veiled threats of economic sanctions against the European Union, if it refuses to back down in its insistence on imposing ETS on operators from outside Europe.
The European Union’s controversial emissions trading scheme (EU-ETS) officially takes effect beginning January 1 against a backdrop of ongoing political protests and legal challenges. But for business aircraft operators, the more immediate concern is to be ready to meet the next set of requirements for monitoring, reporting and verifying their carbon dioxide (CO2) emissions and preparing to start trading carbon credits.
The European Union (EU) appears to be on a political collision course with the United States and other leading nations after the European Court of Justice in Luxembourg blocked an appeal by Airlines for America (A4A) against the imposition of the emissions trading scheme (ETS) on non-European airlines.
The House of Representatives voted overwhelmingly yesterday against U.S. participation in the European Union’s emissions trading scheme (EU-ETS), setting up an international confrontation between Western Europe and the rest of the world.
The European Commission is refusing to back down over the implementation of its controversial emissions trading scheme (ETS), even in the face of possible new legislation that would make it illegal for U.S. aircraft operators to comply with its requirements.
Political pressure against the application of the European Union’s emissions trading scheme to non-European aircraft operators has intensified, with bipartisan support in the U.S. for legislation that would make it illegal for U.S. operators to comply with ETS. The European Union Emissions Trading Scheme Prohibition Act of 2011 would require the U.S. Secretary of Transportation to ensure that U.S.