On 12 March, the European Parliament and Member States in the Council agreed on a legislative proposal to delay enforcement of the EU’s Emissions Trading System (“ETS”) for international flights to and from Europe. The purpose of the delay is to allow more time for international negotiations on a global market-based approach to regulating greenhouse gases from aviation. This so-called “stop the clock” agreement is expected to be formally approved by the Parliament in April and shortly thereafter by the Council. The European Commissioner for Climate Action, Connie Hedegaard, has made it clear that if the international negotiations fail to make sufficient progress, the EU ETS legislation would be applied in full to all flights to and from non-European countries from 1 January 2014 onwards.

The press release is available via the following link: http://europa.eu/rapid/pressrelease_ MEMO-12-854_en.htm