A European envoy held out a possible compromise in a fight with China over carbon emissions charges on airlines, saying yesterday that Europe might alter its system if Beijing helps negotiate global regulations.
China, India, the US and Russia oppose the EU charges that took effect on Jan. 1. Beijing has barred its carriers from cooperating and has suspended purchases of European aircraft.
Talks on a global system have begun in the International Civil Aviation Organization (ICAO), a UN body, said Matthew Baldwin, director of aviation for the 27-nation EU. He said Europe might alter its Emissions Trading System (ETS) if an agreement is reached.
“We would very much like to see a stronger role played by China in those talks,” Baldwin told reporters at a European-Chinese aviation conference. “In the event of a global solution in ICAO, the EU is fully ready to review and amend the ETS directive to take account of that global solution.”
Baldwin said he would press that appeal during talks with Chinese economic planners and airline regulators this week.
Baldwin said the ICAO talks are looking at four possible “market mechanisms” to regulate carbon emissions, but gave no details.
Under the European system, airlines flying to or from Europe must obtain certificates for carbon dioxide emissions. They will get free credits to cover most flights this year, but must buy or trade for credits to cover the rest.
It is unclear how far Europe might be willing to go to compromise with Beijing.
Public attitudes in Europe have hardened because China’s emissions have risen steadily, despite a credit system that channeled billions of US dollars from European utility customers and others to Chinese companies to pay for cleaner technology.
India also has barred its carriers from paying the European charges, which the EU will start to collect next year.
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
Vanguard International Semiconductor Corp (世界先進) and Episil Technologies Inc (漢磊) yesterday announced plans to jointly build an 8-inch fab to produce silicon carbide (SiC) chips through an equity acquisition deal. SiC chips offer higher efficiency and lower energy loss than pure silicon chips, and they are able to operate at higher temperatures. They have become crucial to the development of electric vehicles, artificial intelligence data centers, green energy storage and industrial devices. Vanguard, a contract chipmaker focused on making power management chips and driver ICs for displays, is to acquire a 13 percent stake in Episil for NT$2.48 billion (US$77.1 million).