Chinese airlines won’t participate in EU emissions trading scheme

BBC : A plan to levy charges on flights in EU airspace based on carbon emissions has been criticized by the US, Canada, and China—and China has barred its airlines from participating. The plan was implemented at the beginning of the year. The EU has estimated that airline passengers will be charged €2–12 more per flight as a result of the plan. China claims that the plan would cost Chinese airlines €95 million a year if they took part. Although the EU could forbid Chinese airlines from flying in EU airspace, doing so could damage its relationship with China. Ultimately, the issue may have to be resolved by the World Trade Organization or another international body.