ETS: Europe against the world
AFTER a lot of noisy cross-fire, on May 15th the smoke cleared from the battleground that is the European Union’s policy on airlines and climate change. Twenty-six countries have fiercely opposed a move by the EU to charge airlines using its airports for their carbon emissions. Yet it turns out that only those of China and India, ten carriers in all, are failing to comply with the scheme. That is ten more than the EU’s climate policy wallahs recently claimed. Downplaying the recent protests, in which America and Russia are also prominent, they insisted that all airlines were abiding by the EU’s new rules. For now, these cost them nothing: under the terms of the EU’s Emissions Trading Scheme (ETS)—which the airlines were included in at the beginning of the year—they are supposed merely to provide data on their 2011 emissions. In April 2013 they will then have to obtain tradable ETS permits to cover their 2012 emissions, 85% of which they will have for free. That the Chinese and In...