The International Air Transport Association (IATA) has expressed its frustration at the proposed extension of the European Emissions Trading Scheme (EU ETS) beyond Europe’s borders, an approach that was discredited over a decade ago.
Speaking on the development, IATA’s Director General,Willie Walsh, said, “The EU is repeating a historic error. The consequences will be harmful sowing acrimony over extraterritoriality, slowing global decarbonization, and sapping European competitiveness—with European travelers and businesses paying the price.
He continued, “Instead of expanding the EU ETS beyond Europe’s borders, the EU should focus on making CORSIA—the agreed global mechanism—even more successful.
“Increasing SAF allowances and enabling a book-and-claim system for SAF could be promising steps, but the details are critical to success.
“We will engage with European policy makers towards a more effective approach with no extraterritoriality, full support for CORSIA, and effective SAF incentives,,” he added.
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