The EU Emissions Trading System (ETS), which requires polluters to pay for their emissions, was a world first, yet international aviation emissions are still exempt from ETS pricing despite their huge climate damage. The EU must now bring international aviation back under regulation, stand up for its values and reaffirm its role as a global climate action leader.
CMW commissioned environmental consultants Ricardo to produce this study comparing the functioning of the EU ETS and CORSIA, and their respective climate ambitions.
No airline has yet been obliged to use a single carbon credit under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). And when they will, CMW research reveals the European Union’s Emissions Trading System (EU ETS) imposes a carbon price on aviation emissions that is 25 times higher.
The EU’s lacklustre attempt to forge a certification system for carbon removals is so riddled with holes that the process needs to be rebooted to avoid doing more harm than good.
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