Some European airlines required to buy carbon permits for 2012

04/8/2013 | Bloomberg

Some European airlines may need to purchase carbon permits after exceeding their carbon allowances in 2012. The European Union's emissions-trading scheme requires airlines to purchase carbon permits when the airlines exceed their free allowances. "The Lufthansa Group doesn't see any oversupply of allowances," said Peter Schneckenleitner, a spokesman for Deutsche Lufthansa AG. "The money we are losing because of ETS would be better invested into new, fuel-efficient technology."

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