Russia could block airlines from emission trading
20 February 2012Russia may prohibit its airlines from carbon emission trading in protest against a European Union law it says is unfair, state carrier Aeroflot said on Monday.
A group of nations will gather in Moscow this week to debate possible retaliation to the law, which raises the risk of a trade war by forcing all airlines to pay for their carbon emissions.
Aeroflot said the law could cost it 800 million euros by 2025. It warned that the opposition could change its approach from “‘oral protestations'” to “‘various forms of trade wars with the EU'”.
source: Reuters
