Royalty as an adjustment mechanism for emission payments

UDC 656.7.022.1 BBK 39

Smirnova Ju. V.

The article presents the information about emission trading mechanisms and examines the measures adopted by the European Union to receive money for flights over its territory and to reduce aircraft engine exhaust emissions. The article presents activities undertaken by Russia to receive royalty and actions of the European Union to cancel the payments for flights over the Trans-Siberian railway in the future.

Key words: royalty; greenhouse gases; quotas; the Trans-Siberian railway; aircraft.

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