06 Jul '11, 7am

China Commentary Slams EU Airline CO2 Scheme: Source: Reuters - A European Union plan to include all airlines fl...

China Commentary Slams EU Airline CO2 Scheme Date: 06-Jul-11 Country: CHINA Author: Ben Blanchard A European Union plan to include all airlines flying to Europe in the Emissions Trading Scheme (ETS) from next year is unfair and contrary to global efforts to fight climate change, China's state-run Xinhua news agency said on Tuesday. The ETS system compels polluters to buy permits for each ton of carbon dioxide they emit above a certain cap. But China has resisted, saying it is unfair for developing countries and costly. The China Air Transport Association says the scheme will cost Chinese airlines 800 million yuan ($123 million) in the first year and more than triple that by 2020. Xinhua, whose commentaries are a reflection of government thinking on major issues or controversies, said the scheme had been ill-thought out. "In the name of dealing with climate change, the EU's...

Full article: http://planetark.org/enviro-news/item/62527

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