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Article

25 Sep 2013

Author:
Frederic Tomesco & Ewa Krukowska, Bloomberg

EU to Defend Limited Carbon Market for Airline Emissions

The European Union signaled it will defend its right to continue a limited carbon market for airlines until 2020 under a deal being discussed at a meeting of the International Civil Aviation Organization...An ICAO deal would commit governments globally to begin designing a market-based mechanism for the airlines industry...Details would be decided in 2016 and the system would start by 2020. In exchange, the...EU would be allowed to impose carbon curbs on flights in its own airspace as part of the emissions market...Until 2020...countries or groups of countries should...be able to deploy national and regional market-based measures...Countries led by Brazil, Russia, India and China oppose such programs prior to a global deal...Reducing pollution would help limit global warming that risks causing more heat waves, flooding and intense storms...“I count on this meeting to explore how the aviation sector can limit carbon emissions and contribute to sustainable development”...[said UN Secretary-General Ban Ki-moon] [Refers to Airbus SAS [part of EADS], Delta Air Lines]