Will anyone take the EUETS seriously?

  • There is strong resistance to the EU’s emissions trading scheme (ETS) within the US and China as they threaten to undermine its existence.
  • In the US a bill has been introduced to the senate attempting block US airlines from participating in the EU ETS, stating that American air passengers having to pay European tax “flies in the face of our country’s sovereignty”.
  • This comes at a time when the organisation which represents four of China’s biggest airlines, the China Air Transport Association (CATA) simply says that “they won’t pay”.

Some analysts are hinting of a trade war, particularly between the EU and China but the general consensus is that the two most vehemently opposing nations (USA & China) to emissions initiatives such as the Kyoto Accord are resisting in case the EU looks at other trade related climate measures.

For more information, visit: http://tinyurl.com/6muuppe; http://tinyurl.com/7u96xzm

This entry was posted in Economy and Industry. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s