ICAO has insisted the European Union Emissions Trading Scheme (EU ETS) is a regional issue despite being given a mandate to come up with a global approach to paying for aviation emissions. EU ETS is a market-based measure, designed to financially reward airlines with the best green credentials and penalize polluters. However, the scheme has stirred up major international tension because critics say Europe is using the ETS to charge for emissions beyond its jurisdiction (ATW Daily News, ...

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