Wednesday, November 28, 2012
Yesterday President Obama signed the European Union Emissions Trading Scheme Prohibition Act of 2011. The Act instructs the Secretary of Transportation to prohibit U.S. operators from participating in the EU emissions trading scheme if he or she determines such a prohibition to be in the public interest. The administration undoubtedly hopes that the Secretary will never have to make that determination. The recently announced one-year suspension of the ETS's application to foreign carriers will delay the impact of the EU ETS Prohibition Act for at least one year. ICAO is attempting to negotiate an acceptable international agreement on aviation emissions reduction in the intervening period.