Beginning January 1st 2010, all airlines with flights that either arrive or depart from the EU must monitor and report their emissions of greenhouse gases (GHG), as part of their inclusion in the EU Emission Trading Scheme (EU ETS).
This greenhouse gas emissions report must be approved by an accredited verifier before being submitted to the EU. Based on this data, airlines will receive a free allocation of allowances covering most, but not all, of their GHG emissions.
Once the inclusion of aviation in the EU ETS is complete, airlines will have to limit their GHG emissions to the number of allowances they hold – airlines that do not have enough allowances will have to purchase them in the global carbon market.
Airlines must receive EU approval for their plans on how to monitor emissions for all of their flights to and from the EU by the end of this year.*
The EU ETS is a complex mechanism, and there is a high price to be paid for any errors – airlines that do not receive approval for their monitoring plan by the end of the year risk losing their allocation of free emission allowances.
EcoTraders' team is well positioned to lead your airline through this complex process and help you meet your obligations under this new legislation. Our company has extensive experience with monitoring systems, emissions reporting, and external audits of emissions data.
For more information on EcoTraders' aviation services, please click here.
*Some EU states have delayed this deadline, although please note that any delays bring additional risks and costs.
For your convenience, please download EcoTraders' presentation "Aviation in the EU ETS".
Arkia Israel Airlines
"EcoTraders' professionalism and expertise in GHG regulation and monitoring have been of great assistance to Arkia.
EcoTraders prepared and submitted my airline's monitoring plans well in advance, and I am confident that as a result we are well-prepared to meet the challenges posed by the EU ETS."
– Capt. Nir Dagan, Executive Vice President, Arkia Israel Airways