The eu ets is one of the main instruments used by the eu to achieve the statutory targets of ghgs emissions reduction as a cap and trade scheme the eu ets involves trading of emission allowances these correspond to equivalents of carbon dioxide metric tonnes mtco 2 eq. Essential air and space law v 6 other titles european union emissions trading scheme and aviation responsibility by ulrich steppler and angela klingmller abstract this book provides a concise and convenient compilation of the eu directives and decisions concerning the inclusion of aviation into the existing greenhouse gas emission allowances trading scheme ets page 4 of cover . Aviation in eu emissions trading system co2 emissions from aviation have been included in the eu emissions trading system eu ets since 2012 under the eu ets all airlines operating in europe european and non european alike are required to monitor report and verify their emissions and to surrender allowances against those emissions. Published in aba air and space journal the european union eu is proceeding with its plan to include non member state airlines in its emissions trading scheme ets notwithstanding the agreement reached in october 2010 among the 190 contracting states of the international civil aviation organization icao to reduce greenhouse gas emissions from aviation on the basis of 15 agreed principles . The european union eu emissions trading system ets governs about 40 of total eu greenhouse gas emissions it sets a cap on emissions from industrial activities eg power and heat production cement production iron and steel production and oil refining as well as aviation based on the latest available data this briefing provides an overview of past and projected emission trends
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