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Aviation and the European Unionńˇ╗s Emission Trading Scheme
Jane A. Leggett (au); Bart Elias (au); Daniel T. Shedd (au)
Most carbon dioxide (CO2) emissions from commercial flights to, from, and within the European Union (EU) are covered by the EU Emission Trading Scheme (EU ETS), regardless of whether the airline or operator is based in the EU region. The EU ETS caps aviation emissions of CO2 in 2012 at 97% of the average in 2004-2006 and at 95% in each year from 2013 to 2020. Each April, beginning 2013, covered aircraft operators must turn in emission ńˇýallowancesńˇŁ (permits) equal to the previous yearńˇ╗s emissions from their flights arriving at or departing from EU airports. Airline operators will receive free allowances for 82%-85% of their 2010 emissions. Airlines that have more allowances than they need may sell them to others or save them for future use. Airlines that need more allowances may buy them from EU auctions, other carriers, other emission sources in the EU ETS, brokers, or international emission trading mechanisms. Contents of this report: Why Address Aviation Emissions?; EUńˇ╗s Legal Obligations to Reduce Greenhouse Gas (GHG) Emissions; How the EUńˇ╗s Emissions Trading Scheme Works; Aviation in the EU ETS; Estimated Impacts on U.S. Airlines; External Objections to Covering Foreign-Based Airlines in the Eu ETS; Litigation; U.S. Government Actions; International Actions; Activities in the International Civil Aviation Organization (ICAO); Congressional Actions; conclusions. Figures and tables. This is a print on demand report.
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