Photo: AFPNew York: The aviation industry is supporting a United Nations (UN) proposal to limit pollution from international flights even though the measure may eventually cost companies $24 billion annually. With aviation emissions forecast to triple by 2050, airlines believe that regional or global regulation is inevitable. Airlines estimates the annual industry-wide cost may be as much as $23.9 billion by 2035, or 1.8% of projected revenue. European Union transport commissioner Violeta Bulc said the 28-nation bloc would push to ensure credits are certified by the United Nations. “This will be the first-ever global carbon-reduction deal for a single industry,” Bulc said during a 21 September media briefing.

Source: Mint September 26, 2016 08:03 UTC