What May Come Of EU's Hold On Int'l Flights

Law360, New York (December 11, 2012, 1:30 PM EST) -- On Nov. 11, the European Commission announced its intention to “stop the clock” on enforcement of the European Union Emissions Trading System (ETS) requirements for airline traffic to and from the Europe. As explained by EU Commissioner Connie Hedegaard, the commission will suspend the requirement for airlines to purchase allowances covering greenhouse gas (GHG) emissions for one year until after the International Civil Aviation Organization (ICAO) General Assembly in fall 2013.

In a related action, in November, the United States Congress completed passage of Senate Bill...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.