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Wednesday, February 8, 2012

China and the EU: Fly away . . . ?

China and Europe's emission-trading scheme: Not free to fly | The Economist

NO COMPANY likes being lumped with an extra cost. Airlines were therefore cheered by reports on February 6th that China had provisionally barred its airlines from complying with a European law to impose one, by including all flights into and out of the EU in its main provision for curbing greenhouse gases, the emissions-trading scheme (ETS). But the airlines’ joy may be short-lived. Whether or not China imposes a ban—a grave step, which might even instigate a global trade war—the row is already hastening efforts to make the world’s airlines pay for their pollution.

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