The spectacle of the controversial legislation including aviation in the European Union’s emissions trading scheme (EU ETS) is nearing its finale, at least for now, with the European Parliament endorsing the compromise proposal to prolong scope of the one-year ‘Stop the Clock’ provision. Only flights operated within the European Economic Area (EAA) will be covered until the end of 2016. The EEA comprises the EU’s 28 members plus Iceland, Norway and Lichtenstein. The ...

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