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Airlines use ETS costs to pocket millions

Friday 25 Jan 13 9:00am

Airlines profited up to 1.36 billion euros last year by passing “imaginary” costs from the European Union Emissions Trading System on to consumers, says a new study.

EU airlines stood to gain the most from the carbon trading scheme - some 758 million euros or almost twice their estimated returns of 400 million euros in 2011 - says the study by Dutch environmental consultancy CE Delft.

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Related Topics: Airlines | Aviation | Emissions trading | ETS | Transport

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