EU ETSEuropean Union Emission Trading Scheme (est. 2005)
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The EU ETS's new Market Stability Reserve will, in the medium term, substantially alleviate the "waterbed effect" associated with such additional policies that operate within the EU ETS's coverage.
Cembureau is answering a challenge to the free allowances producers enjoy under the EU ETS, which prices C[O.sub.2] emissions by the metric ton, and will ultimately add to the cost of cement.
According to this model, flights operated within the European Economic Area in 2013 are included in the EU ETS; from 2014 until 2016, the proportion of all flights, ie including international flights, taking place within the so-called European airspace will be covered.
Calio "With the president's signature TODAY, the United States has sent an unequivocal signal to the EU and the world that while the illegal and unilaterally-imposed EU ETS is the wrong way to proceed, there is a steadfast commitment to the right way a global sectoral approach at the international level."
Airlines for America, or A4A, an industry trade organization, lauded the bill's passage, saying that Congress recognized that the EU ETS "violates international law and U.S.
The EU ETS has been applied to aviation since the beginning of the year, but airlines have flown into Europe without having to pay for emissions credits because the EU doled out allowances in order to get the program off the ground.
The European Union's (EU's) decision in 2008 to control greenhouse gas (GHG) emissions from international flights under its Emissions Trading Scheme (EU ETS), (1) effective January 1, 2012, has been contentious among nations, prompting threats of noncompliance and retaliatory trade actions.
A unilateral application of the EU ETS is violating the essence of the Chicago convention, which stipulates that the Air Transport relations between states need to be regulated by mutual consent.
and industry trade organization Airlines for America (A4A), echoed a chorus of critics clamoring against the EU ETS and its "cap and trade" principle.
Industry trade organisation for US airlines Airlines for America (A4A) on Friday said that it commended US Department of Transportation secretary Ray LaHood for his support to overturn the application of the European Union Emissions Trading Scheme (EU ETS) for US airlines and aircraft operators.