Emirates senior vice-president of public, industry, international and environmental affairs at Emirates, Andrew Parker, has warned that the European Union carbon emission permit scheme will cost the airline up to $1 billion (Dh3.67 billion) during the first eight to ten years of the ETS. “I think we’ll lose somewhere in the $500 million to $1 billion range over the first eight years or first decade of the scheme,” said Parker. “Europe is very large in terms of our global network. This will have a very significant financial impact on Emirates. We’ll have to pay tens of millions of dollars in

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