25 Apr '11, 7pm

Lufthansa Joins EU Cap-and-Trade Program, All Airlines Join Next Year

Deutsche Lufthansa AG, Europe's second largest airline, says it start trading EU carbon permits on the European Energy Exchange AG. The exchange is the world's largest greenhouse gas cap-and-trade program. It's the first airline to trade carbon emission rights, but all airlines will be required to join next year. The industry will be the second largest on the exchange, after utilities. The E.U. Emissions Trading System requires that companies which go beyond their carbon quotas buy permits for the excess from businesses that emit less. The other option is to pay fines. The exchange currently hosts over 11,000 utilities and manufacturers. Proceeds from the exchange are distributed to member states, which use the revenues to address climate change. The airline industry - all flights that originate or end in Europe - was included by law in the exchange because their emissions...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

Tweets

Target Joins EPA GreenChill Program

environmentalleader.com 27 Apr '11, 3pm

offers its partners an industry benchmarking system, greater access to EPA research, and help in developing environmental ...

Join the Fight for a Cage-Free Washington:

Join the Fight for a Cage-Free Washington:

care2.com 26 Apr '11, 7am

Confined with the amount of space about the size of a piece of notebook paper to live in for their entire lives, the exist...

EU Pushes for More Energy Efficiency

sustainablebusiness.com 02 May '11, 9pm

Public authorities will be required to renovate at least 3% (by floor area) of their buildings each year - double the curr...