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Pressure grows on EU airline emissions plan

25 February 2012

A group of 29 nations Wednesday intensified pressure on the European Union to abandon a law that forces airlines to pay for carbon emissions, seeking retaliation against the EU and raising the risk of a trade war.

The nations, which include the U.S., Russia, China and India, agreed to adopt a “basket of measures,” permitting each participating state to choose the actions that it finds most effective to counteract the EU’s Emissions Trading Scheme, or ETS, said Valery Okulov, Russia’s deputy transportation minister, following a two-day meeting in Moscow.

A top European court said in December the charges are legal.

source: wsj.com

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