Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Okulov: Emissions Program Is ‘Environmental Wrapping’

MTOkulov

Deputy Transportation Minister Valery Okulov spoke out against a European aviation emissions program in an interview published Tuesday, calling it “environmental wrapping” that hides the economic interests of the European Union.

The money paid for emissions quotas will go to EU member states, and will be used, among other things, to fund research into lower emissions by financing companies such as Rolls-Royce and Snecma, Okulov told Vremya Novostei.

The measures may improve the “competitiveness of European engine makers over their colleagues in other parts of the world,” he said.

Passengers will also be “financing a European bureaucracy that will manage the quota selling scheme,” Okulov said, adding that Russia is supporting the creation of a global emission reduction system.

“Moreover, I think Russia should develop its own trading system for emission quotas in case the EU ends up using a system that is disadvantageous for us,” he said.

Okulov headed Aeroflot, the state airline, prior to his replacement and switch to the ministerial position in March.