Lufthansa Consulting and management company First Climate, whose activities include buying and selling carbon credits, are partnering to offer their services as airlines prepare for the European Union's emissions trading scheme.
Under the scheme, which comes into operation in 2012, any airline flying into an EU airport will be required to monitor and report its carbon emissions to an assigned supervising national authority, and buy additional carbon credits if its emissions exceed a determined allowance.
Under the partner agreement Lufthansa Consulting will design and implement internal processes within carriers who have to comply with the scheme. First Climate will buy and sell carbon credits, including primary emission reduction certificates sourced from climate protection projects. Joint activities will focus on managing compliance costs and minimising associated risks.