European Union’s Socialist Approach to Carbon Credits
- Monday, October 27, 2008, 11:54
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Photo courtesy curran.kelleher.
The European Union is forcing airlines to buy carbon credits beginning in 2012. Now how is this socialist, you ask? The plan doesn’t simply apply to countries under the 12-star flag of the European Union. It applies to all airlines, regardless of nationality, to participate in the program if they take off or land at an airport inside the EU. This plan is expected to cost airlines upwards of four billion dollars annually.
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