The Council of the European Union (EU)—which represents the block’s 28 member states—endorsed a compromise package Friday to extend the “stop the clock” scope of the EU Emissions Trading Scheme (ETS) for commercial aviation for another four years. The vote follows the informal agreement reached March 4 by negotiators from the European Parliament (EP), the Council and the European Commission to limit the scope of the aviation ETS to flights within the European Economic Area (EEA), which ...

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