Global Cap-and-Trade still on the cards for Aviation
22nd January 2009 by Madlen King1 Comment
Representatives of the International Civil Aviation Organisation (ICAO) have confirmed that despite the implementation of the EU Emissions Trading Scheme for aircraft operators flying into, out of and intra EU Member States, they will continue to progress plans for a international cap and trade scheme for carbon emissions from aviation.
Such a global scheme, whether a new scheme or an extension of the EU scheme, would ensure that carbon emissions from this entire sector are appropriately held accountable for their climate change impacts.
Madlen King is the Global Head of Climate Change & Sustainability. She ensures the technical integrity of LRQA climate change and sustainability services and liaises with external bodies and governments on climate change. Within this role, Madlen is responsible for the service design, delivery and maintenance of accreditations for all GHG validation and verification schemes [...]
25th February 2009 at 4:32 pm
The association of aircraft operators in the EU ETS was recently created to help air transport companies to submit the monitoring plan for the reporting of tonne-kilometre data and the monitoring plan for the reporting of annual emissions. This new association (www.airets.org) will open its offices in Brussels in March 2009.
The objectives of the Association are:
· helping our members to comply with the EU ETS regulations;
· helping our members to improve their fuel and GHG performance;
· helping our members to become familiar with IT, financial, fiscal and legal requirements and with the process of allocation and auctioning;
· helping our members to trade efficiently;
· helping our members to use futures, options, swaps and structured products to limit exposure to price movements in the carbon market;
· creating expert groups in the different fields of the EU ETS;
· centralising and sharing knowledge and best practices;
· serving as a platform for communication with the EU Commission;
· serving as a platform for communication with National Authorities, National GHG Registers and Eurocontrol;
· serving as a platform for information exchange with research institutes
· defending common interests in respect of the authorities and other parties;
· creating joint purchasing advantages;
· developing financial and other instruments; and
· facilitating mutual cooperation such as pooling.
Membership in the Association is open to all aircraft operators.