Fitch Ratings says today's ruling (I, II) on the legality of imposing a carbon tax scheme on...

|By:, SA News Editor

Fitch Ratings says today's ruling (I, II) on the legality of imposing a carbon tax scheme on global airlines will "pave the way" for a far-reaching dispute over access to the EU aviation market. "We believe threats of trade retaliation over the EU's cap and trade system will pose growing threats to aviation market access in both developed and emerging markets next year."