05 Oct '11, 1pm

Airlines cannot avoid EU carbon trading, say green lawyers via @businessgreen

Let's be frank - ALL the world's airlines HAVE already registered (a handful "under protest" admittedly) for free allowances within the scope of the EU ETS aviation regulations; they have also invested in all the necessary monitoring and verification software to participate; most are already operating in the carbon market through both in-house and external systems, advisors and traders; and all the airlines of the 26 states who signed up to this pretty meaningless declaration have done so too without exception. One or two airlines have already been fined by EU member state's regulators for missing deadlines in the run-up to the ETS January 2012 start date, so perhaps now is a good time to remind airlines of the heavyweight, some might say draconian, financial penalties for any future non-compliance which could potentially bankrupt even the world's largest airlines. We know...

Full article: http://www.businessgreen.com/bg/news/2114737/airlines-avo...

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