Emissions-trading dispute focuses attention on ICAO

04/30/2012 | FlightGlobal.com (U.K.)

The aviation industry supports the International Civil Aviation Organization as a source for a global emissions plan, but it could take some time to finalize. "A market-based global system would have to include a lot of decisions about who the main regulator would be, how monitoring and reporting would work, etc.," said Andreas Arvanitakis, senior analyst at Thomson Reuters Point Carbon. "Even if it is adopted at the general assembly in 2013, it might not apply until 2015 or beyond."

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FlightGlobal.com (U.K.)

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