Regulations and Government
Europe To Grant Further ETS Concessions after ICAO Deal

The European Commission is proposing for its existing emissions trading scheme (ETS) amendments 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 proposal follows an agreement reached on October 4 by the general assembly of the International Civil Aviation Organization (ICAO) that is expected to lead to a global market-based mechanism (MBM) for curbing aircraft emissions by 2020.