Just over 100 Days to EU CO2 submissions deadline - Airlines must act now!

110 Days and counting – August 31st deadline for submissions for EU CO2 Trading Scheme is approaching fast - the fallout will shape the future of the Aviation industry.

Industry experts are warning that the aviation sector must do more than “just enough” to meet the EU Directive 2008/101/EC, they must develop a future-proof strategy for monitoring, administration and management of CO2. Mid-sized airline operators could win or lose up to $40 million per annum depending on how they respond.

Frankfurt-Karben, Germany / 8th May, 2009: August 31st is the deadline for submissions to the EU CO2 Emissions Trading Scheme, and only a pro-active and professional response can ensure a profitable and viable future for airlines. From 2012 on, every international airline with flights from and to the EU will have to participate in the mandatory EU CO2 Emissions Trading Scheme. With the deadline of August 31st approaching, many airlines still need to do a great deal of work to prepare their submissions, and industry experts are warning that without thorough preparation and a deep understanding of the consequences of those submissions, many airlines will fail to secure their future.
One expert in emissions trading, Sebastian Gallehr of GALLEHR+PARTNER, is warning that: “The aviation sector could make the same mistakes as the stationary sector in 2004. They underestimate the crucial competition risks and will make the mistake of only fulfilling the minimal requirements. Those who make this mistake will pay a high price in years to come and could go out of business completely.”
Skilled specialists can help airlines to not only understand and meet the requirements of the EU Directive, but also to ensure that they are well positioned for the future. The experience of GALLEHR+PARTNER shows that those who embrace the new market approach of emissions trading and who take advantage of existing and proven market know-how, can gain significant profits as well as minimising their risks.
Larger airlines have installed entire departments supported by external consultants and experts who have been preparing their submissions for many months, but mid-sized and smaller airlines don't have the bandwidth to build in-house teams and so require support from experienced advisers at this crucial time. Sebastian Gallehr continues, “We estimate that mid-sized companies with a yearly fuel consumption of some 500,000 tonnes of Kerosene could see cost risks of up to $40 million per year, that is, if they fail to respond quickly and wisely.”

Sharing experience for the Aviation sector
Airline operators will find the answers to many of their questions at a Carbon Strategy Forum on Aviation in Emissions Trading on the 18th and 19th May in Frankfurt, Germany. Here speakers will take companies through the list of things that need to be done in 2009 and beyond, and guide them through the risks and opportunities these present.

• Delegates will hear a key note given by Franzjosef Schafhausen from the German Environmental Ministry, himself a chief architect of the EU Emissions Trading Scheme.
• Speakers include: Dr. Markus Ehrmann, a leading authority on the European Directive and partner in the Legal firm Kermel & Scholtka.
• To take companies through the complexity of trading on the Carbon Markets, our expert is Katja Mayer of Eurex (Deutsche Börse Group).
• Detailed topics covered by experts from GALLEHR+PARTNER include the monitoring and verification of emissions data and how companies can manage their carbon risks and opportunities.

Sebastian Gallehr concludes: “The mandatory participation of the Aviation Sector in the European Emissions Trading Scheme will have a huge impact on the aviation business, in terms of competitiveness and future viability. Those aircraft operators will have significant competitive advantages that have a competent and experienced partner in the carbon administration and management areas, knowing the market in depth and having practical eye to eye experience with the authorities, verifiers and market players. Don't be caught out by doing “just enough”.”

GALLEHR+PARTNER is a consulting company with technological and business expertise in the sphere of Energy and Climate Change. Since 2003, GALLEHR+PARTNER has successfully consulted power supply companies and other energy-intensive industries. Focus in the aviation sector concerns the issues Carbon Strategies and Emissions Trading, Risk Management, Energy Management and IT and/or Process Optimization. From the very beginning, GALLEHR+PARTNER engaged itself with new issues within these areas for the benefit of the customers. German based GALLEHR+PARTNER are active throughout Europe and Asia.

As well as founder of GALLEHR+PARTNER, Sebastian Gallehr is also CEO of the European Business School for Sustainable Energy (e5).

Gallehr Sustainable Risk Management GmbH,
GALLEHR+PARTNER

Hauptstrasse 43
D-61184 Karben
Fon: +49 6039 9263687
Fax: +49 6039 9263689
@: sebastian.gallehr@gallehr.de
www.gallehr.de

PR contact: Judith Raddatz
judith.raddatz@gallehr.de
Tel: +49 1577 7532 791

This release was published on openPR.