Tuesday, July 24, 2007

Airline carbon plan gets EU nod


European Union transport ministers have approved a plan to make airlines part of a carbon trading scheme aimed at reducing greenhouse gas emissions.

Airlines will either have to reduce the amount of CO2 they produce or buy credits from other industries.

The plan, which is expected to come into effect from 2011, still needs to be approved by the European Parliament.

Airlines claim they are being unfairly targeted and have said that the scheme would cost them billions of euros.

According to the airlines, the carbon-capping plan would cost them about 4 billion euros (£2.7bn; $5.4bn) a year.

See full Article.