According to the EU Emissions Trading Directive 2008/101/EC, from 2012 on every international airline with commercial flights from and to the EU area will have to participate in the mandatory EU CO2 Emissions Trading Scheme. Gallehr Sustainable Risk Management GmbH estimates that mid-sized companies with a yearly fuel consumption of some 500,000 tons of Kerosene could see cost risks of up to $40 million per year.
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