U.S. Airlines Taking Flack From Europe?s New Airline Carbon Emissions Levy
Early last week, the EU confirmed its plans to implement the Emission Trading Scheme regime at the beginning of 2012, bringing all major airlines flying into and out of a European destination, under its purview. The levy is expected to cost the industry about $23.8 billion over the next eight years, with IATA estimating the cost of purchasing necessary carbon allowances to increase from $1.3 billion in 2012 to $3.5 billion in 2020.
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