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The clock has stopped but time is running out for ICAO

The clock may have been stopped for a year, but time is still passing. ‘Stopping the clock’ was a big gesture from the EU. With the world saying it was the EU’s decision to include aviation in its Emissions Trading Scheme (ETS) that was preventing global action to tackle aircraft’s contribution to climate change, the EU said ‘OK, we’ll suspend our action for a year to create the chance for a global agreement.’ Yet so far, little progress has been made and the blame heaped on the EU’s ETS looks more and more like the empty excuse we always thought it was.

Is emissions trading reducing appeal of ‘green taxes’?

Sketch of some documents (default image for news

The idea of ‘green taxation’ appears to be losing
popularity, and the growing appeal of emissions trading may be responsible. The EU’s statistical office Eurostat says green taxes measured as a proportion of GDP fell to an eight-year low of
2.5% in 2007, with taxation on transport accounting for just a quarter of that.