Airline passengers will have to pay for the environmental impact of their journeys through fare increases if carriers join a global emissions trading scheme, according to British Airways boss Willie Walsh.
Airlines could contribute $5bn (£3bn) a year to help developing countries fight climate change if a scheme goes ahead, according to the Aviation Global Deal Group, whose members include BA, Virgin and Air France-KLM.
Under one version the industry would be limited to an amount of carbon dioxide emissions – for instance, 97% of 2005 emissions in 2005 – and would receive free carbon permits equating to 85% of its permitted emissions, and would bid for the rest. A proportion of those auction proceeds would go to developing countries.
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