Emirates eyes EU carbon tax of $1 billion over 10 years

DUBAI (Reuters) - Emirates, Dubai's flagship carrier, said the European Union's planned carbon emission scheme may cost it as much as $1 billion over 10 years, as it joined others airlines in...

DUBAI (Reuters) - Emirates, Dubai's flagship carrier, said the European Union's planned carbon emission scheme may cost it as much as $1 billion over 10 years, as it joined others airlines in objecting to the tax.

From January, airlines flying to or from Europe will have to buy permits from the EU's emissions trading scheme (ETS) for 15 percent of the carbon emissions produced during the entire flight.

"It (the scheme) will have a very significant impact on Emirates," Andrew Parker, Emirates' senior vice president for industry and environmental affairs, said at a conference in Dubai.

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