Ten airlines, two Indian and eight Chinese, accounting for nearly 3% of global airline carbon emissions (which in turn account for around 1.6% of the total global carbon footprint), still refuse to meet a final, June 15 deadline to report their emissions data to the EU. According to an EU Emissions Trading Scheme (ETS) effective from January 1, 2012,  all airlines flying to EU countries are obliged to cover 15% of their emissions by purchasing emission permits.  The extra charge, with carbon offset prices at record lows, expected to be paid by around 4,000 airlines, amounts to just 10 euros (on average) per ticket (close to the current cost of a ton of carbon) and very small to make flying less competitive than eco-friendlier modes of transport such as rail. It is also still unclear in what ways each EU country will use the funds so as to tackle climate change with the EU’s climate commissioner Connie Hedegaard still calling on EU finance ministers to earmark the ‘modest’ ETS cash for the environment. One more futile (or self-serving) attempt for green capitalism, indeed when the head of the International Energy Agency in 2009 said that the price per carbon ton needed to rise to U$175 in order to achieve a 50% reduction in carbon emissions? And certain EU leaders would probably like to exclude their automakers (and political backers) when it comes to taxing pollution, cars accounting for six times the emissions of commercial aviation.