The ministers of Spain, France, Germany and the U.K. responsible for their countries’ interest in Airbus have issued a joint statement favoring a global emissions trading system to replace the EU’s Emissions Trading System (ETS). “We are very aware that the clock is ticking,” the U.K.’s newly appointed business minister, Michael Fallon, said at the ILA Berlin air show following the Airbus ministers’ Sept. 11 conference. “Airbus has left us in no doubt that [ETS] is a clear threat to its ...


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