Global aviation deal seen as long-term carbon market boost

Global aviation deal seen as long-term carbon market boost
 

A new global pollution deal for aviation is seen providing a long-term boost for carbon markets by generating demand for environmental offset projects that now often sell at rock-bottom prices, according to industry groups and analysts.
The carbon offsetting scheme, the first such industry-wide initiative, will start in 2021 with at least 65 participating countries in its voluntary phases, following the deal's approval on Thursday by the International Civil Aviation Organization, a U.N. agency.
"It should be a great boost for carbon credit markets in general," said Dirk Forrister,... read more

 
7 October 2016 in Business, Views: 57
Source: Reuters
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