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IATA Calls For EU Emissions Trading System Reform In Aviation

by THEFUTURE.TEAM

Rethinking The EU Market-Based Mechanism

The International Air Transport Association (IATA) called for a review of the European Union’s Emissions Trading System for aviation. The group said current rules increase costs and affect competitiveness. Position focuses on balancing emissions targets with economic conditions in the sector. The proposal reflects ongoing industry concerns about regulatory pressure.

Alignment With Global Standards And Enhanced Flexibility

IATA proposes aligning EU policy with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), developed by the International Civil Aviation Organization. Plan includes applying CORSIA to international routes, including intra-EEA flights. Industry also calls for removing overlapping regional measures.

Innovative Investment In Sustainable Aviation Fuel

Among the key recommendations is the introduction of a sustainable aviation fuel (SAF) book-and-claim system. This approach would allow airlines to claim genuine environmental benefits based on their actual SAF purchases, irrespective of fuel logistics. Revisions to the ETS directive and an upgraded Union Database to track SAF movements and their environmental attributes are deemed necessary to ensure market transparency and foster investment across Europe.

Economic Resilience Amid Geopolitical Uncertainty

Rising energy costs and regulatory complexity are affecting aviation operations. Impact includes pressure on connectivity and cost structures. Willie Walsh said competitiveness should be maintained alongside emissions targets.

Targeted Revenue Reinvestment And Fair Allocation

IATA calls for greater use of EU ETS revenues to support aviation decarbonisation. Current SAF allowance mechanisms cover a limited share of demand. The proposal focuses on reallocating funds toward lower-emission technologies. Industry said additional funding is required to support the transition.

Conclusion

The IATA’s recommendations serve as a critical reminder that climate policy must be underpinned by scientific evidence and international alignment. By strategically realigning the EU ETS and ensuring that costs do not stifle innovation, Brussels can safeguard both environmental objectives and the long-term vitality of its aviation industry.

Greek Retail Powerhouse Expands Into Six Strategic International Markets

by THEFUTURE.TEAM

Greek retail titan Jumbo has announced an ambitious expansion strategy that positions the company to extend its international footprint beyond its established strongholds in Cyprus and Southeast Europe. In a strategic agreement with the Balfin Group, the retailer is set to penetrate six new markets, including Ukraine, Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.

Strategic Global Expansion

The agreement builds on the existing cooperation between Jumbo and Balfin Group, which previously supported the retailer’s expansion into markets including Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova. According to the company, the next phase of expansion will include a greater degree of local operational management across the new markets.

Enhanced Logistics And Supply Chain Capabilities

To support the expanded international network, Balfin Group is also developing a new central logistics hub in China. The facility is expected to strengthen sourcing, warehousing, transportation and distribution operations across the Caucasus region, Central Asia and Ukraine. Previously, Jumbo relied primarily on logistics infrastructure based in Greece to support franchise operations across Southeast Europe.

Sustainable Growth And Robust Financial Foundation

Alongside its franchise expansion strategy, Jumbo continues focusing on organic growth across existing markets. The retailer currently operates 89 physical stores, including 53 in Greece, six in Cyprus, 10 in Bulgaria and 20 in Romania, in addition to its e-commerce operations. A new store in Baia Mare is expected to open by the end of October.

Jumbo also operates 46 franchise stores across seven countries, including Albania, Kosovo, Serbia, North Macedonia, Bosnia and Herzegovina, Montenegro and Israel. According to the company, its expansion strategy continues to be supported by strong liquidity levels and the absence of bank borrowing.

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