10th January, 2013
Airlines based in Shanghai will be forced to surrender a carbon permit for each tonne of carbon dioxide they emit on domestic routes under the city’s Emissions Trading Scheme, due to launch this year, according to official documents listing market participants published late December.
According to documents published by the Shanghai Municipal Development and Reform Commission, six airlines will be covered by the scheme, including China Eastern Airlines - one of the biggest carriers possessing RMB132 billion ($21-billion) of assets.
Source: Thompson Reuters
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