The International Air Transport Association (IATA) criticized the EU's Parliament for seeking to expand its emissions trading system to all flights departing the 27-nation bloc.
The IATA, which claims to represent 290 airlines that account for over 83% of global air traffic, has warned that such a move could jeopardize CORSIA, a separate international agreement that allows airlines to buy credits to offset their emissions.
The EU's plan to expand the emissions trading system, according to IATA, would distort competition and weaken EU airlines' and hubs' global competitiveness.
Willie Walsh, IATA's director-general, urged EU countries to reject the plan and commit to negotiating a global aviation emissions agreement.
Environmentalists applauded the EU Parliament's decision, which was part of a package of climate-related measures voted on by lawmakers that included plans to ban the sale of new cars with combustion engines from 2035.
Jo Dardenne, the aviation director of the Brussels-based group Transport and Environment, praised EU plans to track the climate impact of water vapor released by planes and to phase out free emission allowances for airlines sooner.
In the EU, airlines currently receive more than half of their carbon credits for free, but this was set to end in 2027. The deadline has been pushed back to 2025 by European legislators.


SK Hynix to Invest $13 Billion in AI Chip Packaging Facility
Oil Prices Surge Amid Escalating U.S.-Iran Conflict and Strait of Hormuz Tensions
Elon Musk Signals Intel 14A Chips for Tesla’s Terafab AI Semiconductor Venture
New Zealand Economy Faces Short-Term Pressure but Recovery Remains on Track
Kakaku.com Stock Surges on EQT Takeover Interest Amid Rising Japan Deal Activity
How is Antarctica melting, exactly? Crucial details are beginning to come into focus
Iran-Pakistan Diplomacy and Strait of Hormuz Tensions Push Oil Prices Above $100
Indian Cotton Yarn Exports Surge as China Demand Rises Amid Global Supply Disruptions
Oil Prices Steady as U.S.-Iran Talks Ease Tensions Despite Strait of Hormuz Disruptions
How America courted increasingly destructive wildfires − and what that means for protecting homes today
DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules
Dollar Gains as Middle East Tensions and Rising Oil Prices Support Safe-Haven Demand
Nikkei Retreats After Brief 60,000 Break as Profit-Taking and Geopolitical Risks Weigh 



