Time is running out for EU ETS deal

Failure could return the industry to trade war

Hope is fading for a global deal to regulate airline greenhouse-gas emissions before a September deadline, Reuters writes. Failure could return the industry to the state of near-crisis reached last year when countries threatened a trade war with the EU because of its emissions trading system (ETS).
The EU suspended its controversial scheme last November – a plan to force all airlines with flights arriving in or departing from European airspace to buy carbon credits. China, India, the United States and others argue that the idea violates their sovereignty. The EU says it is the only way to regulate the impact of aviation on the environment.
The European Commission gave the International Civil Aviation Organisation (ICAO), the United Nations agency governing aviation, time until its assembly begins on September 24 to come up with a compromise.
[image courtesy Metabunk.org]


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