A
trade war is simmering between China and the EU over the European Union's move
to impose charges on airlines based on the greenhouse gases emitted during a
flight into and out of European airports. It is being speculated that as free
allowances will be reduced in future years, the charge to be paid will rise,
which will raise the price of passenger tickets and the cost of transporting
goods, and affecting the profitability and viability of airlines.
China, India, Malaysia, Nigeria, South Africa, Egypt, Brazil and the
United States, consider this to be move to be unfair and illegal as they will be
the most adversely affected by this decision. The countries are particularly
angry that the EU is imposing a charge on emissions produced during the entire
flight of an aircraft and not just on the portion of the flight that is in
European airspace.It is being said that if these unilateral measures are
implemented then developing countries will be victimized for a problem that has
historically been caused largely by developed countries which could lead to a
growing crisis in both the climate change regime and the multilateral trade
regime.
|