Regulations and Government
ICAO Approves Carbon-Offsetting Scheme for Global Aviation
In an 'historic and momentous' action, the ICAO Assembly meeting in Montreal adopted a global market-based measures scheme to reduce emissions.
Leaders of the International Civil Aviation Organization celebrate adoption of global market-based measures scheme. (Photo: ICAO)
Leaders of the International Civil Aviation Organization celebrate adoption of global market-based measures scheme. (Photo: ICAO)

The assembly of the International Civil Aviation Organization (ICAO) approved a carbon offsetting strategy to cap international aviation emissions after 2020 in what was hailed as an historic and momentous action. Sixty-five nations representing 85 percent of international air traffic have indicated they will participate in the voluntary pilot phase of the global market-based measure (GMBM) scheme the assembly adopted on October 6.