Does EU ETS apply to aviation?
The EU ETS will cover any aircraft operator, whether EU- or foreign-based, operating international flights on routes to, from or between EU airports.
How does the EU emissions trading system work?
The EU Emissions Trading System (ETS) works on the principle of ‘cap-and-trade’. It sets an absolute limit or ‘cap’ on the total amount of certain greenhouse gases that can be emitted each year by the entities covered by the system. This cap is reduced over time so that total emissions fall.
When did aviation join the EU ETS?
Aviation activities were included in the EU ETS by Directive 2008/101/EC of the European Parliament and of the Council of 19 November 2008 amending Directive 2003/87/EC so as to include aviation activities in the scheme for greenhouse gas emission allowance trading within the Community.
What does Switzerland’s agree to do to reduce emissions from international aviation?
Switzerland’s commitment to reduce emissions by at least 50 percent by 2030 relative to 1990 levels puts Switzerland on an emission development pathway that corresponds with the latest recommendations of the IPCC special report on 1.5 degrees Celsius to reduce global CO2 emissions by minus 40 to 50 percent by 2030 …
What is the downside of implementing emissions trading?
“(1) unpredictable price volatility, (2) it makes millionaires on Wall Street and other trading floors at public expense, (3) it is an invitation to blackmail by utilities that threaten “blackout coming” to gain increased emission permits, (4) it has overhead costs and complexities, inviting lobbyists and delaying …
Which sectors are covered by the EU emissions trading system?
The EU emissions trading system applies to large industrial installations and installations with a total rated thermal input exceeding 20 megawatts and to flights within the European Economic Area (EEA). In Finland, the system also applies to district heating plants with a generating capacity of 20 megawatts or below.
How much does aviation contribute to CO2 emissions?
The global aviation industry produces around 2% of all human-induced carbon dioxide (CO2) emissions. Aviation is responsible for 12% of CO2 emissions from all transports sources, compared to 74% from road transport.