Climate Adaptation
UN Airline Carbon Ruling Could Add Cost Pressure Amid Pandemic
- Credits from emission projects before 2016 won’t be eligible
- Airlines seen holding off purchases of credits until near 2024
A sign advertising cheap tickets stands behind a passing at Schiphol Airport in Amsterdam, March. 14.
Photographer: Geert Vanden Wijngaert/Bloomberg
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The global aviation regulator’s decision to toughen a new carbon market for airlines will cut supply of emission credits to offset greenhouse gases as the coronavirus slams ticket sales.