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Aerospace is one of the fastest growing markets. While both the size of the market and its growth rate are both large, so is its carbon footprint. The Aviation Market. Ever since the Wright Brother’s famous first flight in 1903, the aviation market has gone nowhere but up. Chemical Innovations.
Many companies in European markets that have producers or suppliers in China currently do not assess carbon footprint in their supply chains. The European Union will start to demand carbon footprint data from 2023 and introduce a carbon border tax from January 2026. Currently, emissions are taxed much lower in China than in Europe.
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