NBAA Welcomes Status Quo on EU-ETS until Next ICAO Assembly

NBAA lauded the European Council’s move to continue to “stop the clock” on further implementation of the European Union Emissions Trading Scheme (EU-ETS), while ICAO representatives work on a plan to address aircraft emissions worldwide. The EC agreed last Monday to extend the “stop the clock” provision affecting non-European operators until the fall of 2016, when representatives at the next ICAO Assembly are expected to move forward on an international framework for both technological and market-based emissions-curbing measures for the industry. The “stop the clock” provision was originally set to expire this month.