Nov. 15 (Bloomberg) -- The United Nations body overseeing civil aviation will choose a market-based plan to cut climate emissions from flights at its next general assembly in October.
The International Civil Aviation Organization set up a group on Nov. 9 to provide recommendations and a feasibility study into a so-called market-based measure aimed at cutting discharges, according to an e-mailed statement from ICAO. The membership and terms of reference for the group will be finalized this week, ICAO said.
The prospect of a move by the ICAO to establish a global vehicle to curb aviation emissions prompted the EU this week to announce plans to freeze the implementation of carbon curbs on flights into and out of the bloc for 2012, deferring the emissions trading obligation by a year.
The ICAO assembly in 2010 instructed its leadership “to prepare and deliver both the MBM Framework and Feasibility Report for consideration by its next triennial Assembly in October 2013,” the group said in the statement.
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