The adoption of the first ever global mechanism to curb aviation emissions has triggered warnings from MEPs and NGOs that it should not replace regional greenhouse gas mitigation tools such as the EU emission trading scheme (ETS).
The deal, agreed at the assembly of the International Civil Aviation Organization (ICAO) yesterday, does not specify whether the global market-based mechanism (GMBM) should replace regional schemes despite previous calls to avoid “duplication” that had been included in earlier ICAO drafts.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.