Airlines pocketed €1.36bn from EU carbon scheme: Report

Report of a study called 'Costs and Benefits of stopping the Clock. Which Airlines could profit from Changes in the EU ETS?, from the CE Delft, an independent research and consultancy organisation specialised in developing structural and innovative solutions to environmental problems. The report was commissioned by European Federation for Transport & Environment (T&E)

According to T&E the study shows that the aviation industry will receive substantial additional windfall profits from the proposed ‘stopping of the clock’ for flights to and from
Europe under the EU Emissions Trading System (ETS). Airlines should not retain these windfall profits – that would be unjust, self-serving and a betrayal of passengers’ contributions to fight climate change - but give them to the UN’s Green Climate Fund established to assist developing countries tackle the impacts of climate change.

• Primary Source

ESO: Background information: Aviation and climate change http://www.europeansources.info/record/website-aviation-and-climate-change/

CE Delft: Costs and Benefits of stopping the Clock. Which Airlines could profit from Changes in the EU ETS?, December 2012 http://www.transportenvironment.org/sites/te/files/publications/CE_Delft_7931_Costs_and_Benefits_Stopping_Clock_Final.pdf

Transport & Environment: Briefing, January 2013: The billion euro aviation bonoanza http://www.transportenvironment.org/sites/te/files/publications/Briefing_The_billion_Euro_Aviation_Bonanza.pdf

ESO: Background information: Stopping the clock of ETS and aviation emissions following last week's International Civil Aviation Organisation (ICAO) Council http://www.europeansources.info/record/memo-stopping-the-clock-of-ets-and-aviation-emissions-following-last-weeks-international-civil-aviation-organisation-icao-council/

---