E.U. Forcing Airlines to Buy Emissions Permits, Regardless of Nationality. By James Kanter, NYTimes, October 24, 2008. "European Union governments gave formal approval Friday to a potentially costly system of capping greenhouse gases from any airline flying into or out of the trade bloc -- just as the airline industry reported new evidence of the impact of a worsening economy... European justice ministers meeting in Luxembourg approved the greenhouse gas measures, which oblige airlines, regardless of nationality, that land or take off from an airport in the European Union to join the emissions trading system starting on Jan. 1, 2012... Airline chiefs immediately criticized the decision, saying it would cost the industry at least 3.5 billion euros ($4.4 billion) each year to comply... The United States has also harshly criticized efforts to apply the rules to American-based carriers, maintaining the rules may violate international aviation agreements."
2008-10-26
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