Friday, June 10, 2011

European airlines fear trade war with US over carbon emissions levy


From January airlines flying through the EU will have to acquire credits to account for carbon emissions generated by their flights

European airlines have warned of a damaging trade war with the US, Russia and China if Brussels pushes ahead with plans to include carriers in the emissions trading scheme next year in a move that will put fares up by €40 and cost the industry €1.1bn (£980m).

See full Article.