July 1, 2008

Flying the unfriendly (but greener?) skies

Airlines setting foot and taking off in Europe are soon going to be included in the European Union's Emission Trading Scheme (ETS) and are expected to pay 15% of their permits in ETS auction starting 2012, according to this Reuters article.

The proposal, which was approved by Member States last week Friday, is expected to cut aviation emissions by 3% in 2012 and 5% onwards.

More on this post...