Ready for takeoff?
With aviation joining the EU Emissions Trading Scheme in 2012, Alex Meredith of Hunton & Williams asks whether the aviation sector is ready and looks at the potential impact on the carbon market
On October 24, 2008 European Union justice ministers rubberstamped a deal, agreed between the European Council and the European Parliament in June 2008 requiring that from 2012, all airlines operating flights, both within the EU, as well as external flights taking off or landing in the EU, will participate in the European Union Emissions Trading Scheme (EU ETS).
The inclusion of aviation in the scheme throws up a number of challenges for airlines. While most airlines have the systems in place to
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