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Airlines could net £1.6bn windfall from EU carbon trading scheme, report says
US analysis suggests inclusion of aviation in European emissions trading scheme could financially benefit airlines, rather than harm themFar from damaging US airlines, the EU’s Emissions Trading System (ETS) could deliver it a €2 billion windfall profit, according to a new report by a US Federal Aviation Administration-funded group of academics. Bill Hemmings, the aviation spokesman for the European environmental pressure group Transport and Environment, said that it “called seriously into question” air industry claims that the ETS would leave them out of pocket.
published date:Wed, 11 Jan 2012 10:28:00 GMT