EU Governments reach provisional deal with European Parliament on "cap and trade" for aviation

A Reuters story dated 27 June 2008 reports that European Union member states have reached a provisional agreement with the European Parliament and Commission on rules to govern emissions trading including aviation not only within the EU but on flights between EU member states and third countries. A press release from the European Parliament dated 27 June 2008 outlines details of the proposed scheme. Agreement was reached just before the end of the Slovenian Presidency (see previous post).

The Bush Administration in the United States, amongst others, has been opposed to the proposed measure.