Aviation climate deal seen as a win for airlines, less so for the planet
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
THE United Nations deal to clean up pollution from international aviation may cost airlines as much as US$23.9 billion annually by 2035. The companies see it as a victory.
The landmark deal brokered in Montreal last week creates a global system requiring airlines to compensate for emissions growth after 2020 by funding environmental initiatives. That spares carriers from exactly what they had pushed to avoid: a patchwork of regional environmental regulations that probably would have been even more costly.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
