Airline industry raises heat over EU scheme
16 March 2012Airbus and a group of European airlines issued another warning that the European Commission faces sparking a trade war after extending its emission trading scheme to the global industry.
The plane maker had said that China has frozen some jet deals because of the scheme, and spearheaded a new warning to political leaders that more retaliation is imminent unless the European Union backs down and pursues a compromise.
International disquiet with the EU’s unilateral imposition of charges for aircraft carbon dioxide has drawn widespread threats of retaliation, though to date the only hard-line response has been Airbus’s recent claim that China suspended final approval of a $12 billion aircraft order placed last year.
source: wsj.com
