EU Compromises On Aviation Emissions Tax

Law360, New York (April 04, 2014, 2:28 PM ET) -- The European Parliament on Thursday approved rules that would impose aviation emission allowances on intra-European Union flights until the start of 2017, expanding to all flights to or from the E.U. after that.

An E.U. Council of Ministers' proposal had suggested postponing the Emissions Trading System until 2020, but the parliament had rejected that as too lenient. An emissions tax is part of the ETS, under which carbon dioxide emitters can buy and sell carbon allowances.

The legislation, which now needs to be officially approved by...
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