China bans its airlines to take part in the European Emission Trading Scheme and also forbids its airlines to raise prices to cover the carbon tax. Perhaps the European Commission expected China, or at least Hong Kong, to come up with its own Emission Trading Scheme. In this way it could avoid paying Europe for pollution caused even before entering European airspace.
China’s aggressive solution against the European Emission Trading Scheme
European Union Carbon Trading Update
Bailouts, sky-high borrowing rates and a pressurized Euro dominate the news from Europe. But the financial crisis does not seem to slow down the Emission Trading Scheme. Whilst the news has shifted to report only on international trade from and to Europe there are lots of developments that require a close watch by the logistics industry, especially for Hong Kong where the logistics sector is so important. In 2012 the international aviation industry faces paying for emissions outside of their yearly set allowances based on the 2004-2006 benchmark years when flying to Europe. The international airlines have stepped up to fight the new regulation together with new players in the growing aviation market.
Business‐to‐Business E‐Commerce : The Missing Link in Sustainability Programs
The implementation of a corporate Environmental program has become an increasing necessity
but is still seen as costly by many. Turnkey Group adds a new environmental savings aspect to the
CSR list that outlasts any economic crisis.
IMO decides upon energy efficiency regulation for new ships
Ship builders have to increase the energy efficiency of ships according to the new regulations set by the International Maritime Organisation. The new regulations, expected to come into force on January 1, 2013 set an energy efficiency target of 10% for newly built ships and works towards an efficiency increase of 30% by 2024.