Saturday 25 November 2017

Nations meet on emissions deal

NATIONS from the US to Russia and the EU are set for a final showdown over the first-ever global commitment to design an emissions-reduction tool for the €524bn airline industry.

Negotiators from more than 190 countries will decide whether to back a pledge on a market-based measure for the sector, which is responsible for about 2pc of greenhouse gases globally.

Details of the programme would be decided in 2016 and the market would start by 2020. "If approved, it'll be the first signal for airlines and investors that industry accepts the need for market solutions" said Bill Hemmings, manager at the Transport and Environment lobby in Brussels.

Irish Independent

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