Sustainability and Environment
New EU-ETS Small Emitter Rules Could Benefit Bizav

The European Commission is proposing amendments to its existing emissions trading scheme (EU-ETS) that would confirm the continued exemption from the cap-and-trade system for flights outside the airspace of the 28 European Union member states, as well as European economic area states Iceland, Liechtenstein and Norway. The follows an agreement reached on October 4 by the general assembly of the International Civil Aviation Organization (ICAO) that should lead to a global market-based mechanism for curbing aircraft emissions by 2020.