EU Will Back Down on Airline Carbon on ICAO Plan: SocGen
This article is for subscribers only.
The European Union will probably back down on including aviation in its carbon market once the United Nations’ International Civil Aviation Organization proposes a global program, said Societe Generale SA.
“The EU is close to the point of backing down,” Emmanuel Fages, an analyst with the bank in Paris, said today by phone. “It’s becoming one of the big risks in this market” and may already be driving carbon prices lower, he said.