International Air Carrier Association says proposed EU emission will cost $10.2 billion per year: “unsustainable”

The International Air Carrier Association called on the European Parliament to reject the proposed airline-oriented amendments to the EU Emissions Trading Scheme, as proposed by the EU Parliament’s Environment Committee. The IACA said that the re-opening of the debate on emissions trading created more uncertainty for airlines at a time when they face a precarious economic outlook. The IACA projected a cost of $10.2 billion for carbon credits to be paid by airlines required to participate in the scheme, and described the proposed payments as unsustainable.

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