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Commodities Briefing - Categorized | Environmental Trading more

A looming trade war, high in the sky

Posted on 13 September 2011

From 1 January 2012, airlines will have to account for their emissions of carbon dioxide whenever they fly their aircraft to the European Union (EU), irrespective of the flag they bear.
This development is the result of the inclusion of the airline industry in the Emissions Trading Scheme (ETS), the regulation that has been adopted by the 27-member grouping to reduce carbon dioxide emissions. ETS was introduced in 2005 with a view to meeting the commitments that the EU had taken under the Kyoto Protocol of the UN Framework Convention on Climate Change (UNFCCC)……………………………………….Full Article: Source


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