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.

Global Compact, Accenture Release Reports on Business Opportunities for Sustainable Energy for All

The reports highlight that improving energy efficiency in operations, products and services, and the increased use of renewable energy are key priority action areas for business to support the UN Secretary-General’s Sustainable Energy for All (SE4ALL) initiative, while they also emphasize that industry-wide standards should be developed as well as new financing mechanisms to overcome risks associated with the suggested action areas.