Airlines propose worldwide targets to reduce carbon dioxide emissions


Finnair and the other airlines belonging to the Aviation Global Deal Group,     
together with The Climate Group, today explained the emissions reduction targets
that the group will propose for inclusion in the air transport emissions trading
agreement that will possibly arise at the Copenhagen Climate Conference.        
                                                                                
The AGD Group will propose a worldwide sector agreement for air transport,      
covering the carbon dioxide emissions of all internationally operating airlines.
Emissions reductions would be achieved with the aid of global targets. The AGD  
proposal includes three scenarios in which emissions will be reduced by 50-80   
per cent by 2050.                                                               
                                                                                
In the different scenarios, growth of air transport emissions would be halted or
emissions reduced by five or 20 per cent by 2020 compared with their 2005       
levels. The three scenarios are based on policies as well as the sector's and   
organisations' views on the role and opportunities for air transport in climate 
change measures. In all of the scenarios, the airlines would participate in     
international carbon dioxide trading so that adjustment to emissions            
restrictions and emissions reductions would be financially sustainable and so   
that emissions trading would act as a financial means of control towards more   
ecological operating practices.                                                 
                                                                                
The AGD proposal emphasises the equality of the emissions trading model. Revenue
from the auction of emissions rights would be directed in the AGD model to      
measures to combat climate change in developing countries.                      

“To really achieve a reduction in air transport emissions, the emissions trading
agreement must be worldwide. An agreement covering only certain airlines or     
areas will cause carbon leakage, i.e. it will support operating practices that  
increase environmental loading, such as stopovers in the wrong places for the   
flight journey, outside the emissions trading area,” observes Finnair's VP      
Sustainable Development Kati Ihamäki.                                           
                                                                                
According to the scenarios, annual auction revenue could be up to five billion  
dollars, which could be used for measures to combat climate change in developing
countries, such as preventing the destruction of forests. Forest destruction is 
a significant source of greenhouse gases.                                       
                                                                                
The AGD Group includes, in addition to Finnair, The Climate Group as well as the
airlines Air France-KLM, British Airways, Cathay Pacific, Virgin Atlantic, Qatar
Airways, the ground handling company BAA, and now Virgin Blue Airlines, which   
has joined as a new member.                                                     

Finnair Plc                                                                     
Communications                                                                  
9.6.2009                                                                        

Further information:                                                            
Finnair Media Desk, tel. +358 (0)9 818 4020 or media.desk[a]finnair.com         
Kati Ihamäki, Finnair, tel. +358 (0)9 818 4101                                  
Tom Howard-Vyse, The Climate Group, tel. +44 (0)297 960 2991, +44 (0)7800       
933 831 or thoward-vyse[a]theclimategorup.org                                   

The AGD Group's Draft Proposal                                                  

- “Ambitious, equitable and effective” 
- International aviation CO2 emissions should be addressed through a global 
sectoral agreement, rather than a patchwork of regional initiatives, in order to
avoid carbon leakage and maintain a level playing field.                        
- A global target is set for the sector, to ensure it plays its part in global
CO2 
emissions reductions.                                                           
- This is achieved through a ‘cap and trade' emissions trading mechanism, where 
the sector has open access to global carbon markets.                            
- An airline's CO2 emissions is based on the carbon content of its annual fuel 
purchases and the use of sustainable, lower life-cycle carbon alternatives are  
incentivised.                                                                   
- An international body administers the system. 
- Revenue generated from auction of a proportion of CO2 allowances is used for 
climate change adaptation and mitigation activities in developing countries and 
also research into greener aviation technology.                                 

AGD Group's website: http://www.agdgroup.org/                                   
Finnair blogs: http://blogs.finnair.com                                         
Image bank: www.finnair.com/gallery                                             
Finnair Group website: www.finnairgroup.com                                     
via.Helsinki: www.viahelsinki.com