Business aviation and the environment: Aviation and climate change: emissions trading plan meets resistance | Aviation International News

Regulations and Government

Business aviation and the environment: Aviation and climate change: emissions trading plan meets resistance

Europe’s primary weapon against global warming is the Emissions Trading Scheme (EU-ETS), a program rooted in the 1997 Kyoto Protocol.

By Didier Daoust

April 30, 2007

Europe’s primary weapon against global warming is the Emissions Trading Scheme (EU-ETS), a program rooted in the 1997 Kyoto Protocol. The EU-ETS encourages the use of climate-friendly technologies by rewarding businesses that invest in green technologies, thus turning their investments into quick, short-term profits.

Thus far, the aviation sector has not been required to do much to address climate change because international aviation is excluded from the Kyoto Protocol, which, through ICAO, merely urges countries to work at reducing aviation emissions.
Although ICAO has endorsed the idea of an emissions trading system to meet CO2 reduction objectives, prospects for a comprehensive global agreement appear distant.
Nevertheless, the organization plans this fall to formulate guidelines for contracting states that seek to implement such measures.

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