53 Days
Source:
الاقتصادية
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"AYATA" criticizes European proposal to expand emissions trading system
The International Air Transport Association (IATA) has expressed its discontent with the European Union's proposal to expand the Emissions Trading System to include international flights outside Europe. It warned that this approach has lacked credibility for over a decade and could complicate legal costs and create regulatory overlap. The European Union's aim with this expansion is to reduce emissions and achieve climate goals, but IATA fears it may slow down efforts to decarbonize and diminish European competitiveness. Meanwhile, the global aviation industry supports the "CORSIA" mechanism adopted by the International Civil Aviation Organization since 2016, which requires airlines to purchase carbon credits to offset increased emissions.
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