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O’Melveny’s Rothenberg Quoted on the Emissions-Trading Scheme in Europe for Euroasia IndustryJune 06, 2012
Euroasia Industry’s June 6, 2012, article, “Turbulent Times” includes commentary from O’Melveny & Myers’ Eric Rothenberg on the regulation of airline emissions in the European Union. Rothenberg says in the article that the EU’s regulation, known as emissions-trading scheme, has been met with resistance. “Those outside of the EU are not so sure of the law’s legality. Airlines for America - a trade group representing several US carriers - has argued that the EU’s law inappropriately includes international aviation in a unilateral emissions-trading scheme, and that capping and taxing emissions from flights in the US and international territory is a regulatory overreach by the EU,” Rothenberg said in the article. So far, Chinese airlines have refused to participate in the ETS program and China canceled US$14 billion in airplane orders from Europe’s Airbus company, according to Rothenberg in the article, which is drawing attention to the issue.