The EU emissions trading scheme entered into force on Feb. 2, requiring all airlines landing or taking off in EU member states to pay for their carbon dioxide usage through CO2 allowances or carbon credits beginning in 2012. While member states have 12 months to draft the directive into national law, carriers need to lodge a plan that outlines the methodology of fuel burn versus payload data by the end of August. The target set by the EU is for aviation to reduce greenhouse gases to 3% below ...

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