Government officials are negotiating a market-based mechanism to
reduce emissions in the international aviation industry. Ministers
from over 190 countries have gathered at the International Civil
Aviation Organization's General Assembly in Montreal to discuss
and vote on a draft resolution. If passed, it will be the first
industry-specific global market-based measure for CO2
The prospects of achieving resolution are good. So far, 55
countries, including the US, China and EU member states have
indicated their support for the proposal and agreed to sign-up for
the initial voluntary stage. However, some states with large
aviation emissions have yet to confirm their agreement and the EU
has questioned how effective the measure will be in combatting
climate change. A deal is expected by the end of the Assembly on 7
The proposal aims to prevent the growth of aviation emissions
beyond 2020 levels by requiring airlines to offset emissions with
carbon credits. The mechanism would take effect on a voluntary
basis from 2021, and become mandatory in 2027 with exceptions for
some states which are less developed or have low aviation
emissions. The offsetting obligations will be based on the sector
average emission growth, and later move to incorporate the actual
emission growth of individual airlines.
Dentons is the world's first polycentric global law firm. A
top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm
is committed to challenging the status quo in delivering consistent
and uncompromising quality and value in new and inventive ways.
Driven to provide clients a competitive edge, and connected to the
communities where its clients want to do business, Dentons knows
that understanding local cultures is crucial to successfully
completing a deal, resolving a dispute or solving a business
challenge. Now the world's largest law firm, Dentons'
global team builds agile, tailored solutions to meet the local,
national and global needs of private and public clients of any size
in more than 125 locations serving 50-plus countries.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The event will be attended by hundreds of students and representatives from top Italian and international law firms, who will have the opportunity to meet and discuss. For many students this will be the very first approach with the legal professional world, and for us it will be a great occasion to meet the young talents of the future.
Dentons is sponsoring the conference titled “Non-performing loans market, between demand and offer” organized by SDA Bocconi School of Management, one of the most prestigious business schools in the world.
The conference will be dedicated to present the results of an innovative and extensive research on the non-performing loans market, by making a clear distinction between demand and offer. The research tackles problems and opportunities perceived by the operators dealing with the NPL market.
The seminar will take place on 31 March 2017. It aims to provide German companies with an overview of the latest developments in relation to insurance coverage, banking transactions and legal aspects of doing business with Iran.
This new water mark makes clear that the EU is seeking to cut down on greenhouse gas emissions by replacing fossil fuel plants with new forms of renewable energy in line with the Paris Agreement on climate change.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).