Over the next three years, aviation would be facing its most daunting legal challenge — of developing a proposal for a global marketbased measure (MBM) to address aircraft engine emissions through the International Civil Aviation Organization. The issue of aviation and climate change has been wrought with contention and discord among the 191 member States of ICAO and the Organization failed to come up with any practical suggestion for a global MBM at its 38th session of the Assembly in 2013, after 3 years of plodding through various meetings and deliberations with States and International Organizations. This article addresses the legal and economic issues involved and suggests some measures that ICAO might wish to take.
Aircraft engine emissions; market-based measures; emissions trading; aviation and climate change; common but differentiated responsibilities; special circumstances and respective capabilities; ICAO.
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