US Airlines to Pay for Carbon Emissions or Lose Flights
- added April 14, 2008
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The European Union is playing hardball with the US aviation industry.
In order to reduce aviation-generated carbon emissions in Europe, the EU is requiring airlines to join a carbon cap and trade program no later than 2012. It's a European plan, but its not just for European airlines. Jacques Barrot, the EU transport commissioner, announced that all airlines with European service must participate, and those which don't may see access to lucrative European destinations chopped.
The US industry is not amused.
Other industries in Europe have been engaged in carbon trading since 2005, and EU environment ministers decided last year that its time for commercial avaiation to come to the party. Under their plan, airlines will be allocated carbon credits that they use to "pay" for their CO2 emissions on an annual basis. Airlines that come in under their quota will end the year with extra credits which they can then sell on the carbon market. And they'll have plenty of buyers -- pollution spewing airlines that exceed their yearly allowance will need to buy additional credits. This, in a nutshell, is how carbon trading works.
In order to reduce aviation-generated carbon emissions in Europe, the EU is requiring airlines to join a carbon cap and trade program no later than 2012. It's a European plan, but its not just for European airlines. Jacques Barrot, the EU transport commissioner, announced that all airlines with European service must participate, and those which don't may see access to lucrative European destinations chopped.
The US industry is not amused.
Other industries in Europe have been engaged in carbon trading since 2005, and EU environment ministers decided last year that its time for commercial avaiation to come to the party. Under their plan, airlines will be allocated carbon credits that they use to "pay" for their CO2 emissions on an annual basis. Airlines that come in under their quota will end the year with extra credits which they can then sell on the carbon market. And they'll have plenty of buyers -- pollution spewing airlines that exceed their yearly allowance will need to buy additional credits. This, in a nutshell, is how carbon trading works.
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