S. 1956, European Union Emissions Trading Scheme Prohibition Act of 2011

Cost Estimate

As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 31, 2012

The European Union (EU) has established the European Union Emissions Trading Scheme (ETS), a regulatory framework related to greenhouse gas emissions. Currently, the ETS covers emissions from air carriers that operate flights within, to, and from EU member states. Negotiations between the U.S. government and the EU about the applicability of the ETS to U.S. air carriers are ongoing, and the potential outcome of those negotiations is unclear.