Emission Trading.(AIR TRANSPORT BRIEFING)(Brief article)

* Euro-MPs also got hammered by IATA, which accused the European Parliament of being "lost in the woods on Emissions Trading". The Association urged the European Union to get its priorities in the right order and focus on practical steps to help reduce aviation's C[O.sub.2] emissions. IATA CEO, Giovanni Bisignani declared: Climate change is a serious problem and hypocrisy is not the answer. We could be saving 12 million tonnes of C[O.sub.2] annually with an effective Single European Sky. Instead of making that a reality, Europe is single-mindedly pursuing a political agenda of emissions trading that does nothing to improve environmental performance. I don't see the European Parliament planting many trees, but somehow they, have got lost in the woods." According to Bisignani, "Europe s go-it-alone approach on emissions trading is counterproductive. Regional schemes will have, at best limited impact on the environment. And their unilateral application to foreign airlines is a clear breach of the Chicago Convention."

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