Boeing, Airbus and Embraer team up for aviation biofuels

March 24th, 201211:46 am @


“Two of the biggest threats to our industry are the price of oil and the impact of commercial air travel on our environment,” Boeing CEO Jim Albaugh said.

A new EU law that took effect from Jan. 1 makes it obligatory for airlines flying in and out of the region to buy carbon permits to offset their emissions.

However, a trade war is brewing with the United States, China and India — the top three carbon emitters — questioning the EU’s legal jurisdiction to charge for an entire flight.

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