The EU is close to the point of backing down,” Emmanuel Fages, an analyst with the bank in Paris, said today by phone. “It’s becoming one of the big risks in this market” and may already be driving carbon prices lower, he said.
Airbus SAS and Europe’s biggest airlines yesterday called on the bloc to find a compromise on aviation carbon curbs, warning that the limits on foreign carriers may lead to increased retaliation. The regulator known as ICAO said in November it was canvassing the world’s 50 biggest nations on a global emissions program to be proposed this year.
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