fear-of-flying-to-europe

Fear of flying to Europe

Compared to road transport, carbon emissions from aviation are relatively low, but the airline industry could pay dearly for the right to emit greenhouse gases unless it can settle on a global offset scheme.
The aviation industry needs to find a common approach for dealing with carbon emissions or it will pay too much, according to Andrew Herdman, director general of the Association of Asia-Pacific Airlines.

He warns that anything less than a global approach could severely distort international competition.

Herdman was speaking at the recent Greener Skies 2008 conference organised by Orient Aviation. An example of the threat to the industry is the emissions trading scheme that the European Union EU wants to impose unilaterally on the aviation industry by 2012 without securing international agreement.

Another speaker Tony Tyler, CEO of Cathay Pacific, said that while he supported the industry position of introducing a cap on emissions and...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222