GHG Emission Trading

By means of Legislative Decree of 30 December 2010, no. 257, amending Legislative Decree of 4 April 2006, no. 216, Italy has implemented Directive 2008/101/CE of the European Parliament and of the Council which includes aviation activities in the scheme for greenhouse gas emission allowance trading within the Community. The Legislative Decree of 30 December 2010, no. 257 was published on 4 February 2011 in the Italian Official Journal (Gazzetta Ufficiale) and entered into force on 19 February 2011. The aircraft operators that perform an aviation activity listed in Annex I of the Directive 2003/87/EC as amended by the Directive 2008/101/EC are included in the emissions trading scheme, basically, all airlines carrying out flights in Europe or continental flights to and from the EU are included in the emissions trading scheme. Aircraft operators who are included in this prior EC compliance list are administered by Italy.