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EU Carbon Data Signals Airline Permit Shortfall, New Energy Says

Airlines in Europe may need to buy carbon permits or pay fines after data showed the carriers’ emissions in 2012 exceeded their allocation of free allowances by about 30 percent, according to Bloomberg New Energy Finance.

Ryanair Holdings Plc, Europe’s biggest low-cost airline, emitted 7.46 million tons of carbon dioxide in 2012, or 34 percent more than than its free permits, preliminary data from the European Union shows. EasyJet Plc’s U.K. account indicates it needs 25 percent more allowances, while Aer Lingus Group Plc has a shortfall of 24 percent, the information shows.