Avionics News February 2023 - 42

AVIONICS SIMULATORS
Continued from page 42
P MeMber
rofile
LOCATION:
4AIR
3 Battery Park, Suite 300
Boston, MA 02169
PHONE: 857-499-8867
4AIR shines light
on sustainability
STORY BY CHRISTINE KNAUER
s the world grapples with reducing carbon
dioxide and other greenhouse emissions, cap and
trade programs have gained favor as a flexible,
market-based approach that provides economic incentives for
businesses to reduce pollutants. In short, if an organization
meets its emissions limit, it's free to buy permits from others
that don't plan to hit their
limit as a way to balance
or offset the difference.
Dozens of countries,
cities, provinces, the
European Union and
13 U.S. states are either
A
currently using, developing or considering cap and trade
programs, according to the International Carbon Action
Partnership's Emissions Trading Worldwide: Status Report
2022. As of January 2022, there are 25 emissions trading
systems in force with several covering the aviation sector.
Few systems or schemes require participation today, but
through ICAO's CORSIA initiative, starting in 2027, carbon
offsetting begins for ICAO member nations and applies to
international - not domestic - passenger and cargo flights
42 avionics news * february 2023
and business jets that generate more than 10,000 tons of
emissions annually. Some of the United States' most wellknown
companies - health care and financial organizations,
food and meat processors, even John Deere, the PGA Tour
and many others - have already volunteered to participate,
according to the Federal Aviation Administration.
Whether it's a genuine
concern for a safer
world or complying with
global rules, given the
complexity, how can a
business with aviationrelated
operations keep
up with it all? In 2020, U.S.-based 4AIR began offering
sustainability programs that help aviation companies offset
emissions. The company is headed by its president, Kennedy
Ricci, whose family's investment firm, Directional Aviation,
specializes in acquiring and operating aviation companies.
Organizations are adopting sustainability programs for a
variety of reasons, according to Ricci. European ETS programs
Continued on page 44

Avionics News February 2023

Table of Contents for the Digital Edition of Avionics News February 2023

Avionics News February 2023 - Intro
Avionics News February 2023 - Cover1
Avionics News February 2023 - Cover2
Avionics News February 2023 - 1
Avionics News February 2023 - 2
Avionics News February 2023 - 3
Avionics News February 2023 - 4
Avionics News February 2023 - 5
Avionics News February 2023 - 6
Avionics News February 2023 - 7
Avionics News February 2023 - 8
Avionics News February 2023 - 9
Avionics News February 2023 - 10
Avionics News February 2023 - 11
Avionics News February 2023 - 12
Avionics News February 2023 - 13
Avionics News February 2023 - 14
Avionics News February 2023 - 15
Avionics News February 2023 - 16
Avionics News February 2023 - 17
Avionics News February 2023 - 18
Avionics News February 2023 - 19
Avionics News February 2023 - 20
Avionics News February 2023 - 21
Avionics News February 2023 - 22
Avionics News February 2023 - 23
Avionics News February 2023 - 24
Avionics News February 2023 - 25
Avionics News February 2023 - 26
Avionics News February 2023 - 27
Avionics News February 2023 - 28
Avionics News February 2023 - 29
Avionics News February 2023 - 30
Avionics News February 2023 - 31
Avionics News February 2023 - 32
Avionics News February 2023 - 33
Avionics News February 2023 - 34
Avionics News February 2023 - 35
Avionics News February 2023 - 36
Avionics News February 2023 - 37
Avionics News February 2023 - 38
Avionics News February 2023 - 39
Avionics News February 2023 - 40
Avionics News February 2023 - 41
Avionics News February 2023 - 42
Avionics News February 2023 - 43
Avionics News February 2023 - 44
Avionics News February 2023 - 45
Avionics News February 2023 - 46
Avionics News February 2023 - 47
Avionics News February 2023 - 48
Avionics News February 2023 - 49
Avionics News February 2023 - 50
Avionics News February 2023 - 51
Avionics News February 2023 - 52
Avionics News February 2023 - 53
Avionics News February 2023 - 54
Avionics News February 2023 - 55
Avionics News February 2023 - 56
Avionics News February 2023 - 57
Avionics News February 2023 - 58
Avionics News February 2023 - 59
Avionics News February 2023 - 60
Avionics News February 2023 - 61
Avionics News February 2023 - 62
Avionics News February 2023 - 63
Avionics News February 2023 - 64
Avionics News February 2023 - Cover3
Avionics News February 2023 - Cover4
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