Transportation Industry
CIVIL AVIATION : IATA FAVOURS GLOBAL, NOT EU, EMISSIONS TRADING SCHEME.
Transport Europe, December, 2007
The director-general of the International Air Transport Association (IATA), which covers 80% of global air traffic, has slammed EU plans to extend the EU Emission Trading Scheme (ETS) to the aviation sector. "Europe is our biggest disappointment, as it is fixated on emissions trading," Giovanni Bisignani said on 28 November. "This is against the Chicago Convention [the main international treaty regulating air travel] and I support the US in challenging this in the world's courts," Bisignani told an air industry luncheon in Washington DC. He said the European Commission's proposal would cost the industry 3 billion a year while the draft recently approved by the European Parliament would cost industry 7 billion a year.
The IATA chief added, however, that he did...
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