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China's civil aviation industry might have to pay 800 million yuan ($120 million) in carbon credits to the European Union (EU) in 2012 for carbon emissions, Economic Information Daily reported Friday, citing officials.
Beginning Jan 1, 2012, the EU will allocate the carbon emission quota to airline companies operating flights departing from or arriving in the EU. A company has to buy extra emission credits after surpassing the quota, the newspaper reported, citing an anonymous official in charge of energy saving and pollution reduction policies at the Civil Aviation Administration of China.
To reduce carbon emissions, airline companies will have to use low-carbon fuels, while speeds can be slowed by modifying aircrafts or boosting operating efficiencies, said Al Bryant, vice-president of Boeing Research & Technology China. Bio-fuel is believed to be a major resource of low-carbon fuels.
http://www.chinadaily.com.cn/bizchin...t_11578369.htm
Beginning Jan 1, 2012, the EU will allocate the carbon emission quota to airline companies operating flights departing from or arriving in the EU. A company has to buy extra emission credits after surpassing the quota, the newspaper reported, citing an anonymous official in charge of energy saving and pollution reduction policies at the Civil Aviation Administration of China.
To reduce carbon emissions, airline companies will have to use low-carbon fuels, while speeds can be slowed by modifying aircrafts or boosting operating efficiencies, said Al Bryant, vice-president of Boeing Research & Technology China. Bio-fuel is believed to be a major resource of low-carbon fuels.
http://www.chinadaily.com.cn/bizchin...t_11578369.htm
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