House of lords european union committee 21st report of session 2005 06 including the aviation sector in the european union emissions trading scheme report with evidence ordered to be printed 17 january 2006 and published 9 february 2006 published by the authority of the house of lords london the stationery office limited hl paper 107 17 50. The european union emissions trading system eu ets also known as the european union emissions trading scheme was the first large greenhouse gas emissions trading scheme in the world and remains the biggest it was launched in 2005 to fight global warming and is a major pillar of eu climate policy. Such action has included the european union emissions trading scheme prohibition act of 2011 a us bill passed by the house of representatives and at date of publication awaiting judgement by the senate to prohibit operators of civil aircraft of the united states from participating in the european unions emissions trading scheme and for . Its emission allowance trading scheme the final question is if there is a future for the european union emission trading scheme for aviation activities or whether the scheme will be sub stituted for a worldwide market based measure first the origins of the emission allowance trading scheme are discussed. The inclusion of the aviation industry in the european unions emissions trading scheme ets may set a precedent for the inclusion of similar sectors in the future the eu limit on its market for the supply of certified emissions reductions to the least developed countries from 2013 excludes other countries vulnerable to climate change that
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