Small plane makes emergency landing on interstate surrounded by confused car drivers

From January 1st, European Union imposed a carbon levy on air travel. In support of this, carriers air carriers submit their emission stats.

In a March statement, India opposed the EU Joint declaration. It appears that the government of india has boycotted the directive and forbidden its carriers to comply under the concept that it is a trade levy in disguise. India follows China, who in February forbade its carriers to comply.

The cost of the measure will add from 4 to 24 euros to the cost of each round trip flight.

Expect to see backlash escalating trade conflict with countries opposing the ETS as governments resist or comply and trade repercussions ensue such as China’s suspension of 12 billion in Airbus orders.