Including aviation in the EU’s Emissions Trading System will not put airlines out of business

Hepburn, C. (2012). Including aviation in the EU’s Emissions Trading System will not put airlines out of business.
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The EU’s Emissions Trading System includes all flights to, from and within Europe as eligible for regulation – something that has faced strong opposition from the US and China. With Airbus’s orders from China falling, this pressure has grown from within Europe. Cameron Hepburn argues that for reasons of economic principle, legality and practicality, the EU should stand its ground.

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