This summer, airlines around the globe are scrambling to put together monitoring plans in preparation for their participation in the European Union Emissions Trading Scheme (EU ETS) starting in 2012.
The good news is that under the US cap-and-trade Waxman-Markey bill, which would set up a national market for pollution permits in 2012, carriers flying to, from and within the United States will not need to bother with monitoring plans. Indeed, under the draft American Clean Energy and Security Act, which was narrowly passed by the House of Representatives on 26 June and is due to get a Senate vote in the autumn, aviation is not directly included in the cap-and-trade scheme.
The bad news is the cost of the scheme to the aviation industry is not likely to be any cheaper than the EU ETS.
See full Article.
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