Wednesday, April 17, 2013

EU Parliament Rejects ETS Fix

Earlier this week the EU Parliament voted against a proposal intended to increase the price of carbon permits. Some observers are concerned that the falling prices of permits will render the trading scheme useless and effectively end meaningful EU-wide efforts to prevent climate change, at least for the near future. The vote carries important implications for the regulation of aviation emissions. It hard to imagine that a Parliament unwilling to make changes to keep the scheme functioning properly within the EU will be able to muster the political will to reinstate the scheme's application to foreign air carriers once the one-year suspension ends in 2014.

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The same day that the parliament rejected the propsoal to increas the price of carbon permits they also voted through the 'stop the clock' derogation of extra-EU scheme. Let's be clear: this aviation measure is ONE YEAR ONLY so the Parliament needs to have appitite to STOP the scheme again not to re-start it, it re-starts AUTOMATICALLY. Also the scheme applies to foreign carriers the same way it applies to European carriers, EU legislators would never discriminate against carriers in that way as that violates the Chicago Convention. What it means is that the scheme is restricted to intra-EU flights for one year only. The American, Chinese and Indian carriers which flew intra-EU in 2012 will have to comply the same as any EU carrier.

Hope this clears up some of the misunderstanding above!

Posted by: Aoife O'Leary | Apr 17, 2013 10:16:03 PM

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