25 Dec '11, 8am

EU's Carbon Trade Plan for Flights & What it Means to You

EU's Carbon Trade Plan for Flights & What it Means to You

Trade War: Basically till today the skies were considered open and no restriction was placed by any major country on the entry and departure of flights. But now since the EU has passed this law, other countries the world over are understandably angry. Thus China has planned to retaliate as has India and the United States is planning on taking “appropriate measures”. Many countries are also planning on taking countermeasures against the EU. If things escalate, it will turn into an all-out trade war with different countries placing different restrictions on their markets and lands. This will affect people everywhere and have other far reaching consequences. Profits: The profit margin of the airline industry is a mere 1.2% this year, because of this law the profits are further set to decrease to 0.8% next year. This may force many airlines to lower service to Europe and or si...

Full article: http://www.theenvironmentalblog.org/2011/12/eus-carbon-tr...

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