Act on Aviation Emissions Trading.

This Act implements Directive 2008/101/EC of the European Parliament and of the Council amending Directive 2003/87/EC so as to include aviation activities in the scheme for greenhouse gas emission allowance trading within the Community (Directive on Aviation Emissions Trading). It introduces measures to reduce carbon dioxide emissions in the aviation sector in a cost-effective and economical way. An operator shall have the duty to monitor and report on the emission of its aircraft during a given period to the Finnish Transport Safety Agency. The Act makes provision for method and procedures of allocation of aviation emission allowances. If the aircraft operator, in its emissions report, notifies the emission factor for any biofuels used in the aircraft as being zero, the biofuels must meet the sustainability criteria specified in the Act on biofuels and bioliquids (393/2013), and the aircraft operator must demonstrate this in accordance with the said Act.