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Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Ha-Ha: Chinese airlines refuse to pay EU emissions charge Thu Jan 05, 2012 11:39 pm | |
| Chinese airlines will not pay European Union carbon emissions charges that came into force on January 1, a national aviation industry group says.
The EU launched the Emissions Trading System (ETS) in 2005 in a bid to reduce carbon emissions of power stations and industrial plants, and extended the scheme to airlines from Sunday.
The move means airlines have to buy emissions permits to fly in Europe under a cap-and-trade scheme that has angered the US and Chinese governments and airlines worldwide.
"China, of course, will not cooperate with the European Union on the ETS," said Chai Haibo, deputy secretary-general of the China Air Transport Association (CATA).
Read more: http://www.smh.com.au/travel/travel-news/chinese-airlines-refuse-to-pay-eu-emissions-charge-20120106-1pnpm.html#ixzz1ieLtfWNV
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