Connie Hedegaard today announced that the European Union would defer the requirement under the EU Emissions Trading System for airlines to surrender allowances for flights into and out of Europe. This decision follows the very positive discussions that took place last week in the Council of the UN International Civil Aviation Organization (ICAO) on a global market-based approach to regulating greenhouse gas emissions from aviation.
Commissioner Hedegaard said:
"The EU has always been very clear: nobody wants an international framework tackling CO2 emissions from aviation more than we do. Our EU legislation is not standing in the way of this. On the contrary, our regulatory scheme was adopted after having waited many years for ICAO to progress. Now it seems that because of some countries' dislike of our scheme many countries are prepared to move in ICAO, and even to move towards a Market Based Mechanism (MBM) at global level.
See full Press Release: http://ec.europa.eu/commission_2010-2014/hedegaard/headlines/news/2012-11-12_01_en.htm
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