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Aviation in the EU ETS
Datamonitor, July 2010, Pages: 33
With the aviation sector predicted to grow dramatically in the next decade, the issue of climate change is weighing heavily on the industry. Following a lack of international progress by the aviation industry towards reducing emissions, the EU has acted unilaterally to include international aviation emissions in the EU ETS, covering a substantial portion of the global industry's emissions.
Scope
- Projections of air travel demand growth and the impact on carbon emissions from the sector
- An overview of monitoring, reporting and verification requirements facing aircraft operators under the EU ETS
- A review of the carbon abatement opportunities currently available to airlines and the associated costs
- Analysis of how inclusion of the aviation sector in the EU ETS will affect the carbon price and thus other market participants
Highlights of this title
Air travel is a clear environmental policy target due to its increasing contribution to anthropogenic climate change. Currently contributing 2% to global carbon emissions, this percentage is likely to grow in tandem with an increase in air travel, offsetting emissions reduction progress in other sectors
The inclusion of aviation in the EU ETS will have a significant financial impact on an industry already struggling to make profits. However, the magnitude of these effects will depend on the market segment covered by the individual aircraft operator
Carbon prices faced by other EU ETS market participants will rise as a result of the planned expansion of the scheme as the aviation industry is likely to be a net purchaser of carbon allowances
Key reasons to purchase this title
- Profit from analytical insight into the outcome of the planned expansion of the EU ETS in its third phase
- Review how the inclusion of aviation in the EU ETS will impact your current business strategy
- Assess compliance obligations now facing the aviation industry as a participant in the EU ETS
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