EU almost does away with ETS

It has stopped the scheme because many countries disliked it

aircraft emissions management carbon allowances Connie Hedegaard countries Emissions Trading Scheme ETS EU European Union global talks ICAO positive atmosphere

The European Union (EU) has decided to postpone implementation of its emissions trading scheme (ETS) for a year after it announced that it no longer required airlines to submit carbon allowances in April 2013 for emissions generated during 2012. EU Climate Commissioner Connie Hedegaard said the EU was seeking to create “a positive atmosphere” for global talks concerning aircraft emissions management. In a press release, Hedegaard said the regulatory scheme was adopted after having waited years for ICAO (International Civil Aviation Organisation) to progress, Hedegaard said, and pointed out that because of “some countries’ dislike of our scheme, many countries are prepared to move in ICAO and even to move towards a market-based mechanism at (a)  global level”.