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EU Can Keep Airline Carbon Plan Using UN Credits, IETA Says

Europe may need to let airlines use United Nations credits to meet pollution caps after countries spurned the bloc’s plan to apply its carbon market to overseas flights, according to the biggest emissions trading lobby group.

“There’s an opening for the European Union to negotiate with other countries” on airlines’ compliance with its greenhouse-gas limits, said Dirk Forrister, the president of the International Emission Trading Association in Geneva. One option is to allow flights from developing nations to use credits created from UN-overseen projects to reduce emissions, he said in a phone interview yesterday.