From 2012 on every international airline with flights from and to the EU area will have to participate in the mandatory EU CO2 Emissions Trading Scheme. According to Merrill Lynch the total cost of the ETS will be significant for the aviation sector and amount appr. to ¤ 3 bn annually. Please find in the GALLEHR+PARTNER CO2 Newsletter 03/2009 a short introduction into the European Emissions Trading Scheme, relevant information regarding the special issues of the aviation sector and an overview about the necessary ToDo’s and obligations for every affected aviation operator.