The International Civil Aviation Organization (ICAO) Council has agreed to a compromise solution on the introduction of global market based measures (MBMs) to tackle aviation emissions. The council accepted the principle of regional emissions trading schemes and agreed to have a single global MBM for aviation to be implemented from 2020. The principles for a global MBM should be adopted at ICAO’s assembly in 2016. The Council adopted an article proposed by the EU that “recognizes ...
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