Aviation sector could face a shortfall of 77 million tonnes of CO2 when it enters the EU's Emissions Trading Scheme, according to a report from RDC Aviation and Point Carbon. At a carbon spot price of €13.25 per tonne (as of Nov. 11), that amounts to a shortfall of €1.02 billion ($1.53 billion). According to the Aviation CO2 Data Monitor 2009, which the authors call "the most detailed analysis of aviation movement and emissions," British Airways faces the largest ...

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