China understands what its all about..
China: We want to *receive* climate swindle cash, not *cough up* climate swindle cash
via tomnelson.bl*og*sp*ot.com
"A European Union plan to include all airlines flying to Europe in the Emissions Trading Scheme (ETS) from next year is unfair and contrary to global efforts to fight climate change, China’s state-run Xinhua news agency said on Tuesday...
...Xinhua, whose commentaries are a reflection of government thinking on major issues or controversies, said the scheme had been ill-thought out.
“In the name of dealing with climate change, the EU’s approach will generate enormous financial benefits at the expense of the rest of the world, including developing countries,” it said in an English-language commentary .
“Studies show that the extra costs of the EU’s plan will amount to $1.6 billion dollars in the first year alone. The direction of the cash flow is contrary to the spirit of the agreements reached at the UN Cancun climate change conference last year.”..."
China commentary slams EU airline CO2 scheme | Eco-Business
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