"The devil is in the detail, and the detail is a dog's breakfast." That is how one senior airline executive describes the EU Emissions Trading System, with layer upon layer of confusion dealing with various regulators. "Just one of the problems is that one of our domestic subsidiary regional airlines has been listed by one EU country, which we do not fly to, because it took delivery of an aircraft that transited that country," the executive claimed. "This is just one example of the task in ...

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