Examining the likelihood that longer - term reform of the EU ETS will be agreed and implemented; whether the ICAO is capable of delivering a global system to
control aviation emissions; and the challenges and opportunities facing carbon market participants.
The International Civil
Aviation Organisation (ICAO) heralded the agreement in October, of a new global market - based measure to
control carbon
emissions from international
aviation, as an «historic agreement».
Manfred Treber, senior adviser climate / transport, Germanwatch said: «The Kyoto Protocol adopted in 1997 had stated that the International Civil
Aviation Organisation (ICAO) should pursue the limitation or reduction of
emissions of greenhouse gases not
controlled by the Montreal Protocol from international
aviation, the IMO should do this for
emissions from marine bunker fuels.