Exclusive! EU-ETS- Is the fire missing in the world’s belly?
Neelam Mathews Oct 1, 2011 Last week, a senior official associated with the EU Climate Action office, when asked about the EU-Emission Trading Scheme (ETS) meet organized by India for non-EU ICAO Council members for a joint action-plan on the levy to be imposed from Jan 1, 2012, said dismissingly: “If they don’t want to pay, they should keep off European airspace. What is the need for the Joint Declaration?” That, to most of us on the fringes reporting on this subject, sums it all. The arrogant, narcissistic and high-handed unflinching attitude of EU towards the rest of the world, cannot be overlooked. With Jan 2012 around the corner, the economically frail EU that took on obligations by signing the Kyoto Protocol, is starting to get the bubbly out as it celebrates its victory in anticipation of collecting a levy that nobody knows where the money will be directed to. Today, every carrier has filed its emission report to the EU, though many under protest. This brings one to ...