Cap and trade plan for airlines
Monday 19 July 2010
The international Civil Aviation Organisation (ICAO) should lay the groundwork for a global cap and trade scheme for the world's airlines at its general assembly in September, the Confederation of British Industry will say today.
European airlines are already set to join the European Union Emissions Trading Scheme in 2012, under which they are committed not to exceed 2005 CO2 levels by 2050.
Although a cap and trade scheme is the most efficient and cost-effective way to ensure the aviation industry cuts its carbon footprint, it must be a global initiative to avoid excess emissions being offloaded on to countries outside its remit, the Confederation of British Industry warns.
The ICAO tri-annual general meeting will prepare for the next United Nations climate change conference.
And member governments should take the opportunity to start the necessary work for a global scheme, the Confederation of British Industry says.
"The best way for the world's aviation industry to meet its climate obligations is through a global cap and trade scheme," John Cridland, the deputy director general of the confederation, said.
"Such a scheme would include all airlines, removing scope for leakage of emissions from one country to another, and would run with, not against, the grain of this international industry."
The confederation is also calling for the Government to rethink plans to change the existing Air Passenger Duty with a "per plane" levy.
- 1 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 4 Free U2 album: How the most generous giveaway in music history turned PR disaster
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Tesco in crisis: UK managing director among four executives suspended after exposure of accounting scandal
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Alicia Keys leaks own nude photo 'to create a kinder and more peaceful world'
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...