IATA proposes emissions-trading market for aviation sector

0 Comments | AFP, June, 2007

VANCOUVER, Canada (AFP) — The International Air Transport Association on Tuesday backed the idea of emissions trading for the global airline sector and said it propose the plan to the United Nations.

"We're very enthusiastic about global trading for the airlines industry" to reduce emissions blamed partly for global warming, Philippe Rochat, an IATA environment official, said at IATA's annual meeting, in Vancouver, Canada.

"We support the concept but only as a part of a global approach," he said, recalling that the aviation industry must work on multiple fronts to reduce its carbon-dioxide (CO2) emissions.

"We intend to propose the concept to ICAO when ICAO meets in September," he said. "We'll be pushing governments to step up investing in alternative...