The UN Assembly responsible for International Civil Aviation (ICAO) decided today on a global mechanism to tackle emissions from aviation. The Assembly has agreed to develop by 2016 a global market based mechanism (MBM) to tackle emissions, which can come into force in 2020. The market based mechanism will be accompanied by a series of technical and operational measures to reduce emissions. With this deal, the aviation industry becomes the first international transport sector to apply a global market-based mechanism to reduce their emissions.
Here is the ICAO Press Release.
In the light of this agreement, the European Commission, in coordination with the European Parliament and the EU Member States, will now assess the decision taken today at ICAO in more detail before deciding on the next steps with respect to the EU ETS.
Here is the European Commission Press Release.
Here is the European Commission’s web page on aviation and the EU ETS.