INDIA TO OPPOSE EU ETS

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By admin August 1, 2011 08:28

INDIA TO OPPOSE EU ETS

The Indian government will oppose the European Union emission trading system (ETS) stating that it is unilateral and unfair on carriers from developing countries.

EU’s proposal to cap planet-warming gases under its makes it mandatory for airlines to buy carbon credits equivalent to the carbon dioxide emitted by their aircraft while flying over the region.

India is planning to take up the issue with the European Union.

Indian carriers have pressured the government to back them in their fight against this new rule that will impact their already fragile grip on international routes out of India, that are now 70% controlled by foreign airlines.

Jet, which earns about 57.5% of its revenues from international operations, is directly in the line of fire. It operates about 30 flights a week from India to Europe and London.

India is also concerned that the European Union’s move will encourage a black market for carbon credits.

admin
By admin August 1, 2011 08:28
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