Aviation emissions are regulated under the EU’s emissions trading system which is currently under review. Photographer: Simon Dawson/Bloomberg Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Europe’s leading airlines are misleading consumers with claims that they can fly guilt-free by using carbon offsets to neutralize the environmental impact of air travel, according to a new report by the nonprofit Carbon Market Watch. A temporary dip during the Covid-19 pandemic aside, airline emissions have been steadily rising for the past two decades and, left unchecked, could potentially triple by 2050 . Globally, the industry generates roughly one billion tons of CO2 per year — comparable to the emissions of Japan, the world’s third-largest economy. To assuage travelers’ conscience, airlines have turned to carbon offsets, marketing their corporate investments and encouraging passengers to purchase offsets to cover their own flights. But […]