EU ETS aviation emissions

EU Presidency and Parliament Provisional Agreement to extend the ‘stop the clock’ EU ETS derogation

Last week, the EU Presidency and Parliament reached a provisional agreement which seeks to extend the EU ETS derogation relating to international flights operating to and from Europe to the end of 2023. Once implemented, this will bring long-awaited clarity to the industry, since the expiry of the previous derogation in December 2016. It is understood that the revised derogation will expire at the end of the three year pilot phase under ICAO’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The provisional agreement will require approval by member states before it comes into force.

It is anticipated that a future review of the EU ETS will take place to consider the effects of a year-on-year reduction on aviation emissions from 2021 onwards.

Read more at: https://www.lexology.com/library/detail.aspx?g=d59cdd13-5edc-4ae4-882e-d1b15ac14f74

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EU ETS aviation emissions