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November 5th, 2013:

Rift over aircraft emissions tax widens

Earlier this month, an agreement was reached at the UN International Civil Aviation Organization (ICAO) conference in Montreal over a scheme to tax airlines for exceeding carbon emissions quotas. This was the result of a dispute between the EU, who wanted to impose its version of the carbon tax over non-EU carriers, and the non-EU countries who condemned it as an extraterritorial tax. While there was hope that it would be a roadmap for a comprehensive scheme to be written by 2016 and for airlines to comply by 2020, it is now threatening to fall apart: EU officials consider the agreement ’empty’ and the threats of foreign airlines and governments to be an assault on their own sovereign rights to legislate, and non-EU countries, already hesitant to ratify the agreement, is unhappy that the EU is about to disregard it altogether.

Read the coverage from Reuters: