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Africa: Countering European Union’s carbon tax

Posted on 27 March 2012

As the global aviation industry joins forces to fight the European Union’s inclusion of international civil aviation in its Emissions Trading Scheme, it appears that the African continent has yet to come out with a strong stand on the issue which experts say might further retard the growth of African airlines.
Though the EU ETS was developed to contain green house emissions from the aviation which contributes about two per cent CO2 to green house emissions, its inclusion in the EU ETS scheme has been estimated to cost the global industry about $11.8 billion by the end of 2020, while the International Air Transport Association (IATA) estimates will cost the industry about $1.2 billion this year………………………………………..Full Article: Source


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