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Wednesday, September 29, 2010

Cancel All Your European Travel and Vacation Plans – Carbon Trading Extortion is Here


Foreign airlines are threatened with a flight and landing ban from 2012 in the European Union if they do not participate in emissions trading.

The ban is proposed in an internal document by the EU Commission seen by Handelsblatt. Summarised on nine pages, the guidelines describe how such a ban could be implement. The Commission considers a flight and landing ban as a last resort to make the airlines surrender over its Emissions Trading Scheme.

An EU Directive stipulates that airlines from Europe and third countries are mandated to be included in the trading of emissions rights. On their flights to and from Europe, they may then only emit as much CO2 as the CO2 certificates they hold. 85 percent of the certificates are free of charge while 15 percent of the allowances have to bought via auctions.'

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