Global consensus around the need to reduce carbon and other greenhouse gas emissions continues to grow. In Europe, the European Union Emissions Trading Scheme (EU ETS) to cap and curb emissions has been in place since 2005. Recently the European Commission has put forward a proposal to extend the reach of the scheme by targeting the CO2 emissions of aircraft as well. Intra-European as well as flights into and out of the EU will be covered by the scheme.
This report examines some of the challenges such a scheme will pose aircraft operators and takes a look at the industry’s present readiness to meet the resultant monitoring and reporting obligations and strategic and operational challenges, based on a survey among leading aircraft operators executed in the summer of 2007.
PwC actively partners with industry to take on the challenge of climate change. We hope you find this publication helpful and look forward to hearing your comments and questions.
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