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A "compulsory investment" into a "carbon pool".
The carbon pool would then comprise a fund available to invest in upgrading the global fleet of planes.
This investment would take the form of an "Energy Loan" repayable in carbon-based Energy Units ("Carbon Dollars?) in the Pool at the market price.
The result would be that airlines would have the wherewithal to reduce emissions by investing in their fleet, and would repay the investment in "Carbon Dollars" from the savings they make.
Note that the energy investment would not be in the airline - it would be in the plane, possibly as part of a leasing arrangement. "The future is already here -- it's just not very evenly distributed" William Gibson
Those people who make "compulsory investment" will be issued with redeemable "Units", so O'Leary can flog his off on the market in Units that would develop. "The future is already here -- it's just not very evenly distributed" William Gibson
Why not just let Ryanair put inefficient airlines out of business thus replacing their inefficient fleet with his? "It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."
No company can ever be happy til it's a private unregulated monopoly.
But give him a choice between this and emissions trading..... "The future is already here -- it's just not very evenly distributed" William Gibson
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