European Union carbon allowances prices for Dec-2010 on the ICE Futures Europe rose 2.4% to EUR15.82, the highest level since 14-Oct-2010 (Bloomberg, 06-Mar-2011). The European Commission is due to announce the cap for airlines emissions on 07-Mar-2011. Airlines are due to be included in the EU Emissions Trading Scheme from 2012.
European Union carbon allowance prices hit record ahead of ETS decision
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Linking Asia with North America has been the market cornerstone for Korean Air and Cathay Pacific while producing a growth market for relatively new entrants like ANA and EVA Air. Yet, while northeast Asian airlines have the geography for profitable nonstop North America flying, southeast Asian airlines are challenged in serving the route.
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