IATA stated yesterday that the industry prefers a global carbon offsetting system rather than an industry-wide cap-and-trade system which is being muted by some at the ICAO and certainly by the EU. However all reports suggest that the ICAO is indeed considering gaining momentum based around a mandatory offsetting program much the same as ETS in the EU.
Global carbon offsetting key for IATA
IATA stated yesterday that the industry prefers a global carbon offsetting system rather than an industry-wide cap-and-trade system which is being muted by some at the ICAO and certainly by the EU. However all reports suggest that the ICAO is indeed considering gaining momentum based around a mandatory offsetting program much the same as ETS in the EU.