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Emissions trading
01 December 2004
Although the aviation downturn has delayed legislation, airlines will eventually have to find a way of paying for emissions, says Colleen Nelson, partner and head of UK law-firm asb's environmental practice.
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Aviation
airline
Airlines
ATA
Kyoto
GREEN SKIES AHEAD
While airlines all over the world are suffering from high oil prices, fuel costs could be about to get even higher. Whether or not oil production increases, pressure on the industry to cut its fast-growing greenhouse gas emissions is unrelenting.
For some time the European Union (EU) has been at the forefront of international efforts to combat climate change. It has played a key role in the development of the two major treaties addressing the issue – the United Nations Framework Convention on Climate Change and the Kyoto Protocol.
The UK government's 2003 energy White Paper (Our Energy, Our Future – Creating a low Carbon Economy) made it clear that the aviation industry should be encouraged to take account of and, where appropriate, reduce its contribution to global warming.
A report published by the Inter-Governmental Panel on Climate Change confirms that the world's 16,000 airliners are a major source of...
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