A revised version of a draft resolution to establish a global system for limiting airlines’ greenhouse-gas emissions is expected to emerge today at the International Civil Aviation Organization (ICAO) Assembly in Montreal. Bilateral consultations have been underway since a Sept. 25 executive committee meeting failed to produce a consensus agreement on ICAO’s proposal for developing a global system of market-based measures (MBM) to limit aviation’s carbon emissions. ICAO’s draft ...

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