India concerned over carbon tax on airlines by EU

New Delhi: India on Tuesday expressed concern over the decision of European Union to impose carbon tax on airlines, saying the initiative will have implications on the developing countries.
A Finance Ministry paper on Climate Change noted that nations, which had imposed the carbon tax, have yet to fulfil their financial commitments to the developing nations to deal with the issue of climate change.
Recently, European Union took a "unilateral" decision to levy charges on international flights to deal with greenhouse gas emissions.
According the Finance Ministry paper: "While the Cancun decisions have recognised the need of having a separate Fund and reaffirmed that funding for adaptation will be prioritised for the most vulnerable developing countries... And the Durban meeting finalising the design of the fund, the work relating to climate finance is far from complete".
24/07/12 ZeeNews

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Categories: Foreign Jul 2012, Indian Aviation- In General Jul 2012