What is EU Emissions Trading System – EU ETS?

2022-05-10

What is EU Emissions Trading System EU ETS?

The European Union Emission Trading Scheme (EU ETS) is the first and largest emission trading system to date, for reducing GHG (greenhouse gas) emissions. The EU ETS cover more than 11,000 power stations and industrial plants in 31 countries, and flights between airports of participating countries. It is structured as a ‘cap-and-trade’ system that allows trading of emission allowances so that the total emissions of the installations and aircraft operators stays within the cap and the least-cost measures can be taken up to reduce emissions.

In 2012 the EU ETS was also applied to aviation emissions. Aircraft operators operating in the European Economic Area are required to monitor, report, and verify their CO2 emissions and to surrender allowances against those emissions.

Non-commercial aircraft operators with total annual emissions lower than 1,000 tonnes CO2 per year (based on all their flights departing from or arriving into the European Economic Area/EEA) are exempt until 2030.

EU ETS emissions are calculated based on the flights coming to/from and within the EEA area. This is known as full scope of EU ETS emissions. This yearly indicator determines if an operator has any reporting obligations and furthermore, has to surrender any emission units. The latter is based on the reduced scope which consists of emissions for the flights solely within the EEA area. In addition, emissions are based on the fuel consumption for each flight.

In case of any offsetting requirements, emission units (EUA) need to be purchased to offset the reduced scope.

EU ETS Sustainability service blog

For more info: Get in touch with- info@zenithjet.com

0 Comments

Related Posts

What is Swiss Emissions Trading Scheme – Swiss ETS?

What is Swiss Emissions Trading Scheme – Swiss ETS?

What is Swiss Emissions Trading Scheme – Swiss ETS? Swiss ETS is a cap-and-trade system designed largely in accordance with the same principles and rules governing its bigger brother the EU Emissions Trading System. It regulates a total of 56 CO2-intensive companies...

ZenithJet Offsets 200% of its GHG footprint using Azzera

ZenithJet Offsets 200% of its GHG footprint using Azzera

ZenithJet can offset its emissions by investing in the removal project types that adhere to the highest standards and are helping to remove CO2 emissions. Project types in your portfolio are•RC – Biochar (25%)•RC – Regenerative agriculture (25%)•RC – Forestry (50%)...

Sustainability Services By: ZENITHJET

Sustainability Services By: ZENITHJET

ZenithJet Introduces Sustainability Service New services provide foundation for business aircraft owners and operators to measure greenhouse gas emissions and implement reduction strategies   Montreal, April 19, 2022 – ZenithJet, a leading aviation consulting...