ICAO Council Forms High-Level Group on Market-Based Measures, EU ETS "Stops the Clock" on Aviation

ICAO Council Forms High-Level Group on Market-Based Measures, EU ETS "Stops the Clock" on Aviation

The International Civil Aviation Organization (ICAO) Council agreed to form a High-level Group regarding the feasibility of a global market-based measure for international aviation and to develop a policy Framework to guide its application. In response, the EU will “stop the clock” on enforcement of the inclusion of aviation in the EU’s Emissions Trading Scheme (ETS) on flights to and from Europe until autumn 2013.