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Airlines Snap Up Bargain Carbon Permits, Rail at ‘Looney Tax’

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Air France-KLM and Lufthansa are preparing for inclusion in the EU’s carbon trading scheme by buying allowances at low prices, while Ryanair has declared the program “eco-looney” and levied a 25 cent per passenger fee. All airlines departing from or landing into EU airports were brought into the Emissions Trading System on January 1 of […]

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