China Impound European Planes Carbon Row
By Adrian Zuckerberg|June 12, 2012|7:29 pm

Categories: Air, Airlines, China

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Chinese airlines want the EU to delay the start of the emissions levies and instead wait for a global system to be devised through a United Nations aviation body, China Air Transport Association Secretary General Wei Zhenzhong said before the IATA meeting in China’s capital.

BEIJING (Reuters) – Global airlines on Monday urged the European Union to defuse an international emissions row as a group of nations led by China, the United States and India kept up their opposition to EU plans to force carriers to join a carbon trading scheme.

EU Climate Commissioner Connie Hedegaard has said carriers have until mid June to submit their data before enforcement action is taken.

The head of the International Air Transport Association (IATA) said all parties shared the view that a global agreement was needed to head off the threat of a trade war over the EUs Emissions Trading Scheme (ETS).

On 21 June 2011, China Eastern, along with is subsidiary Shanghai Airlines, officially joined the SkyTeam airline alliance, becoming the 14th member and the second Chinese carrier to join .

The International Air Transport Association said on June 12 that it will be difficult for the European Union to implement the Emissions Trading Scheme since over 30 countries oppose it.

Europe has angered trading partners with its plan to make airlines cut pollution by levying a fee based on the amount of carbon emissions calculated for whole flights, not just the portion over Europe – a measure its critics regard as interference with their national airspace.

We would not like to see a situation of ‘you hold up our planes and we hold yours’,” Wei said.China, which according to Airbus and other sources in the European aerospace industry is delaying plane orders worth up to $14 billion from European planemaker Airbus over the row, has asked the EU to push the scheme back by a year.”.

In its fiscal report for 2011, Air China said that it plans to order 52 planes in 2012, 56 planes in 2013 and 55 in 2014.

Adrian Zuckerberg is a business journalist based in Sydney, Australia. Adrian has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Adrian spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.



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