Obama Signs Bill Shielding U.S. Airlines From EU Emissions Standard

President Barack Obama signed a new law Tuesday that shields U.S. airlines from having to comply with greenhouse gas standards adopted by the European Union.

The law recently passed both the House and the Senate, with lawmakers on both sides of the aisle saying the EU did not have the authority to establish standards for U.S. airlines.

The new law amps up the level of controversy over the European Union’s greenhouse gas trading system, which has also been opposed by China, Russia and other nations.

The EU’s program requires all airlines using European airports to obtain allowances for carbon dioxide emissions emitted during the span of their flight. Airlines that exceed stated emissions limits can buy additional allowances on the open market.
The Wallstreet Journal, November 27, 2012