Group warns of trade war over Europe carbon charge | Business & Technology | The Seattle Times
The global aviation industry group warned Tuesday that governments might be moving toward a trade war over Europe's carbon charges on airlines and appealed for a negotiated settlement. China, India, Russia and 26 other governments that oppose the charges issued a joint declaration in February that cited possible retaliatory steps such as imposing charges on European airlines. "The last thing that we want as an industry is a trade war," said Paul Steele, director of environmental issues for the International Air Transport Association, at an industry conference in Beijing. "The problem is that the way things stand right now, I think we are on the brink of something like that happening," he said. The European Trading System requires airlines that fly to and from Europe to buy permits for all the carbon they emit en route. The charges took effect Jan. 1 but airlines will not be required to pay until next year.
12 Jun 2012 19:44
WASHINGTON, June 12 (Reuters Point Carbon) – Christine Lagarde, managing director of the IMF, said T…