On June 29, the International Civil Aviation Organization's Ad Hoc Working Group on Market-Based Measures is working on three options for a global, market-based system for reducing airlines' greenhouse gas emissions, in order to defuse industry and government tension over the unilateral creation of an EU aviation emissions trading system. The body is considering mandatory offsets, a cap-and-trade system and a credit system.
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ICAO emissions reductions efforts
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter, Sarah Litke and Daniel Phillips
- European Union, Global
- July 1 2012
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Philip I. Weis
Senior Corporate Counsel
Pfizer