Eco-Aviation Channel

Airlines looking at €1 billion carbon permit shortfall

Eco-Aviation Today, November 16, 2009, p.5

Aviation sector could face a shortfall of 77 million tonnes of CO2 when it enters the EU's Emissions Trading Scheme, according to a report from RDC Aviation and Point Carbon. At a carbon spot price of €13.25 per tonne (as of Nov. 11), that amounts to a shortfall of €1.02 billion ($1.53 billion).

According to the Aviation CO2 Data Monitor 2009, which the authors call "the most detailed analysis of aviation movement and emissions," British Airways faces the largest shortfall among EU-registered airlines at 3 million tonnes of CO2 in 2012 (€39.8 million). However, US carriers will face the largest bill, the report states. Delta Air Lines and United Airlines face shortfalls of 3.5 million tonnes and 3.3 million tonnes respectively.

The report includes the following information for 280 airlines: Calculation of average CO2 output for the flights covered over 2004 to 2006, RTKs in 2010, CO2 output in 2012, allocation of allowances to each airline in 2012 and shortfall in 2012.

For the sector as a whole it includes: Airlines by AOC and by administering EU member state, CO2 output 2013 to 2020, demand for credits 2012 to 2020, quantity of aviation allowances to be auctioned and held back in a special reserve for new entrants and fast growers 2012 to 2020, and other data. For more information and to purchase Aviation CO2 Data Monitor 2009, visit rdcaviation.com.

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