• aviation,  Carbon,  Climate change

    No real progress at ICAO on reducing carbon emissions

    At the close of the 38th session of International Civil Aviation Organization (ICAO) on Friday the ICAO States committed the organisation to develop a global market-based measure (MBM) to limit the growth of international aviation emissions. The key paragraph is 5 on page 13: “Resolves that States and relevant organizations will work through ICAO to achieve a global annual average fuel efficiency improvement of 2 per cent until 2020 and an aspirational global fuel efficiency improvement rate of 2 per cent per annum from 2021 to 2050, calculated on the basis of volume of fuel used per revenue tonne kilometre performed”. This commitment is purely aspirational and voluntary Paragraph 5…

  • aviation,  Carbon,  Climate change,  Uncategorized

    Emissions Trading isn't working and may be dangerous

    While we wait to hear in October whether the EU will be extending emissions trading to international aviation it is worth reflecting that the cost of carbon pollution  is very low. Not much of an incentive. On the carbon offsetting website Terrapass you can buy a metric tonne for $13.12 EU Allowances (EUAs are trading at around €5.5 as I write this For the background on the EU ETS As they argue “By putting a price on carbon and thereby giving a financial value to each tonne of emissions saved, the EU ETS has placed climate change on the agenda of company boards and their financial departments across Europe. A…

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