Airlines to face €1 billion carbon bill in 2012
Aviation's entry into the European Union Emissions Trading Scheme (EU ETS) in 2012 is set to cost the sector €1 billion, a report by carbon analysts Point Carbon has shown.
The figure was determined on the basis of today's spot price at €14.40 ($20.42) per tonne of carbon dioxide (CO2), but if Point Carbon's estimated spot price for 2012 is used (€20) the figure becomes even higher. The report, which was written in conjunction with consultancy RDC Aviation, estimates that airlines impacted by the EU ETS will collectively face a shortfall of 77 million tonnes of carbon dioxide (CO2).
In recent years, the aviation sector has struggled from both the impact of the
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