Europe votes for CO2 emission limit on flights
An overwhelming majority in the European Parliament has voted in favour of limiting CO2 emissions caused by air travel from 2012. As of this date, all airlines in Europe will have to comply with the European emission trade system, in which they will have to purchase the right to emit more CO2 than permitted. The airline sector, which is already struggling with increased fuel prices, is furious at the decision. International air travel organisation IATA says the system will cost airlines three-and-a-half billion euros in the first year alone. The decision still has to be ratified by individual EU governments.
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