Boeing joined the chorus of opposition against the now controversial emission trading scheme of the European Union (EU) and called on Brussels to seriously reconsider the economic implications of its new regulation.

EU's ETS took effect January and aims to collect additional charges on industries deemed as major contributors to global pollution, with the commercial airline industry targeted as one major source of carbon emission.

The scheme has so far earned fierce criticisms from the United States, India and China, with the latter recently making clear its stance that it will not adhere to the ETS, claiming that doing so will kill its aviation industry.

As part of its actions against the ETS, China also withheld permits for its local airlines to purchase new Airbus aircrafts, momentarily derailing billon dollar contracts as earlier confirmed by Airbus officials.

Brussels, however, remained adamant and insisted that its emission policies were crucial in reversing the alarming rate of global warming.

Economists warned that the confrontation could soon develop into a full-blown carbon trade war, where everyone will emerge as losers.

Airbus chief executive Tom Enders echoed the sentiment on Thursday and reiterated his company's position, aired last week, that the EU should consider pushing back the implementation of the scheme.

It would not everyone if negotiations will be held under the auspices of the United Nations aviation agency, ICAO, and hopefully formulate something that would benefit everyone, Enders said.

Boeing chief executive Jim Albaugh supported his rival's position and urged the regional body to weigh on the possibility of delaying the ETS roll out.

"I don't think the European ETS approach is the right one," Albaugh was quoted by Reuters as saying in Geneva.

"We need to have a standstill on this and work with ICAO and get some international rules in place that everyone can sign up to, and ones that will drive us to make the investments we need to improve the efficiency of airplanes," the Boeing chief said.

Albaugh also expressed fears that if all parties concerned would not relent on their respective positions and the dispute escalates into a full-scale trade war, nothing would be reaped but serious economic damages.

Boeing's stance best reflects "what is best for our customers and how we are going to get the whole industry to reduce its environmental footprint," Albaugh said.

The Boeing chief added that as a whole, the global aviation industry has been successful in reducing up to 70 percent of it carbon emissions over the last four decades as compared to other sectors, which he said only highlighted the solid efforts made by the industry to check environmental degradation.

"(Sectors outside of aviation) are almost getting rewarded for the fact they haven't done much," Albaugh complained.