European Salon de News, Discussion et Klatsch -14 February | 55 comments (55 topical, editorial, 0 hidden)

Re: Living off the Planet (none / 0)

Air industry raises warnings over EU emissions charge | EurActiv

Airbus joined a chorus of concern that a European scheme to charge airlines for carbon emissions risks triggering a full-blown trade war, with implications for aircraft deals and even Europe's crippling sovereign debt crisis.
The EU's Emissions Trading System (ETS) for airlines, introduced on 1 January, has drawn howls of protest from airlines around the world, with China banning its carriers from taking part.
The escalating row comes just ahead of a summit between Chinese and EU leaders in Beijing on Tuesday, with the EU looking to China to dip into its huge foreign exchange reserves to help the eurozone tackle a debt build-up that threatens its economic stability.
Tom Enders, Airbus chief executive, said he was increasingly concerned at the potential fall-out if tensions are not defused.
"I am very worried about the consequences of that. What started out as a solution for the environment has become a source of potential trade conflict and that should be a worry for all of us," he told an aviation conference ahead of the Singapore Airshow on Monday.

by Nomad on Mon Feb 13th, 2012 at 05:12:50 PM EST
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Re: Living off the Planet (none / 0)

BBC News - EU 'risks trade war' over carbon trading scheme

The European Union's carbon trading scheme may spark a trade war, according to one of the world's biggest planemakers.
"What started out as a solution for the environment has become a source of potential trade conflict," Airbus boss Thomas Enders said.
The Emissions Trading System levies a charge on flights in EU airspace based on carbon emissions.
But the US and China are opposed to their airlines joining the scheme.
The EU scheme, which began on 1 January, creates allowances for carbon emissions and allows airlines to "cap and trade" their allowances.
The number of allowances is reduced over time, so that the total output of carbon from airlines in European airspace falls.
China has banned its airlines from joining the scheme and the US tried to block the introduction of emissions charges late last year, in a case heard by the European Court of Justice.
However, the court ruled that they were legal.

by Nomad on Mon Feb 13th, 2012 at 05:13:30 PM EST
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Re: Living off the Planet (none / 0)

Notice how we never hear from the 'responsible' types how "What started out as a solution for the [City] has become a source of potential [damage to the environment], and that should be a worry for all of us."

by Andhakari on Tue Feb 14th, 2012 at 03:26:35 AM EST
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European Salon de News, Discussion et Klatsch -14 February | 55 comments (55 topical, 0 editorial, 0 hidden)