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Newsflash

China to have world's 2nd largest carbon trading scheme by 2014

24th January, 2013

China will have the world's second largest carbon trading scheme by 2014, or twice as big as Australia's regime, a latest report showed Thursday.

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Carbon price of $29 'not implausible', says Blair Comley

20th January, 2013

THE head of the federal climate change department says it is "not implausible" the European carbon price could rise to $29 a tonne by mid-2015, when Australia's emissions trading scheme begins.

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Emirates yet to start charging carbon tax

3rd March, 2012

Emirates has yet to start charging Europe-bound passengers additional carbon tax costs, even as Etihad Airways' surcharge of $3 (Dh11.02) per person for flights into and out of Europe comes into effect today.

The move is aimed at offsetting the costs being imposed on the Abu Dhabi carrier (as well as those globally) by the European Union (EU) Emissions Trading Scheme (ETS).

Emirates, however, has not introduced this charge yet. "The charges have not started and we don't have a time period yet either," an Emirates spokesperson told Gulf News yesterday in a statement, adding that the additional costs of the EU ETS programme will almost certainly have to be passed on to customers.  "But how this will be done has not yet been determined," the spokesperson said. Emirates estimates that the ETS will cost the airline over €40 million (Dh196.22 million) in 2012 and well over half-a-billion euros in the nine-year period to 2020.

According to analysts, Emirates will likely account for the ETS fees through this new fuel surcharge. The last thing it will want to do is to sting passengers with another fee and drive business away, adding that about 85 per cent of Emirates ETS credits is already covered by EU permits. So, there's no real need to implement a secondary fee as Etihad Airways has done.

The airlines spokesman said: "ETS is a significant cost. Coupled with a fluctuating carbon market, Emirates seeks to manage these cost increases in our total pricing as competitively as possible, but we have no fixed per ticket amount.”