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The International Civil Aviation Organization (ICAO) declined to endorse the European Union’s stance that it may include international airlines in its carbon-trading system.
ICAO envoys from 190 nations negotiating in Montreal approved a proposal sponsored by countries from Russia to Argentina that denies the EU permission to continue a limited emissions program for airlines. The EU had earlier agreed to narrow the scope of its regulation to flights within its own airspace in exchange for a pledge by ICAO to develop a global carbon market.
Carbon pricing- will it all go up in smoke?
ICAO envoys from 190 nations negotiating in Montreal approved a proposal sponsored by countries from Russia to Argentina that denies the EU permission to continue a limited emissions program for airlines. The EU had earlier agreed to narrow the scope of its regulation to flights within its own airspace in exchange for a pledge by ICAO to develop a global carbon market.
Carbon pricing- will it all go up in smoke?