An adviser to the EU’s highest court said, in a statement on Thursday October 6th, 2011, that the European Union’s aggressive CO2 restriction law, requiring all airlines to pay for emissions under the EU’s emissions trading scheme, is well within the law. The trading scheme, which is scheduled to come into effect in January 2012, aims to help cover the carbon cost of all flights to or from Europe by requiring airlines to pay for 15 percent of the carbon they emit while those airlines that refuse to comply would be fined a total of €100 per allowance, bringing the cost well above the estimated 2 – 12 euros per passenger imposed under the policy.

This opinion is expected to be enforced by the London High Court of Justice, where the case was initially brought by the Air Transport Association of America, American Airlines and United Continental, thereby serving to further nullify the objections of the opposing foreign airlines.

Source: Reuters article on the opinion

Further analysis from:
The Financial Times 
NY Times
Businessweek

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