|Author (Corporate)||European Commission: DG Climate Action|
|Series Details||COM (2021) 552|
Legislative initiative - tabled by the European Commission on 14 July 2021 - introducing amendments to Directive 2003/87/EC as regards aviation's contribution to the European Union's economy-wide emission reduction target and appropriately implementing a global market-based measure.
Directive 2003/87/EC established an EU emissions trading system (EU ETS). It is aimed at tackling climate change by reducing greenhouse gas (GHG) emissions in a cost-effective and economically efficient way. It is based on the cap and trade principle. This Directive has been amended on several occasions over the years.
This initiative introduces amendments to the EU ETS legislation in relation to its application to aviation to ensure that it contributes to the emission reduction target in accordance with the European Green Deal and later in the Commission's 2030 Climate Target Plan. It also amends the system as appropriate in respect to ICAO's CORSIA, and it revises the allocation of emissions allowances to increase auctioning.
The draft law was unveiled by the European Commission on 14 July 2021, as part of the so-called Fit for 55 legislative package.
|Subject Tags||Air Transport, Atmospheric | Air Pollution, Climate Change|
|Keywords||Carbon Offsetting and Reduction Scheme for International Aviation [CORSIA], Greenhouse Gas | GHG Emissions
|International Organisations||European Union [EU]|