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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 United States, China, Japan, and Russia led a group of 29 countries February 21-22 in formally declaring opposition to the European Union’s inclusion of global airlines in its greenhouse gas Emissions Trading System
Speaking at the annual Aviation and Environment Summit March 21, Mary Veronica Tovsak-Pleterski, director for European and International Carbon Markets with the European Commission’s Directorate General for Climate Action, said that the European Union is ready to secure a global deal on reducing air transit emissions, but that it will not suspend application of its Emissions Trading System to encourage a multilateral solution
