IATA estimates that the current proposal to bring aviation into the EU Emissions Trading Scheme would cost the industry €2.9 billion ($3.84 billion) in 2011, the first year in which aviation would be included, and even more in subsequent years. The figure represents a 5% increase to the cost of a gallon of fuel at today's prices. "Unfortunately, the current European proposal on emissions trading has got it almost all wrong," IATA DG and CEO Giovanni Bisignani stated this week in ...

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