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HONG KONG (MarketWatch) — Chinese airlines may receive an exemption from European plans to make airlines pay for their pollution under a carbon-trading scheme, as long as they can show they’ve taken their own steps in cutting greenhouse gas emissions, according to a Reuters report Monday.
China’s aviation authority has opposed rules set to come into effect Jan. 1, 2012, that will require all airlines flying to Europe to be included in an emissions trading scheme, which requires carriers to pay for permits for each ton of carbon dioxide above specified limits.
The European body has faced growing political pressures to back down in its stance or risk sparking a trade ware. On Sunday, Airbus Chief Executive Tom Enders was cited as saying in the Financial Times that the carbon-trading scheme could provoke “retaliation” against the European aviation industry