"We believe the European Commission's decision is a step in the right direction and hopefully create

Canadian airlines joined their international counterparts Tuesday in lauding the decision by the European Commission to “stop the clock” temporarily on the industry’s inclusion in the emission trading scheme for the 27-member states.
“We believe car rental israel jerusalem the European Commission’s car rental israel jerusalem decision is a step in the right direction and hopefully creates powerful momentum towards an acceptable global solution,” said George Petsikas, NACC president, in a statement.
Connie Hedegaard, the EU’s commissioner for climate action, said at a press conference Tuesday the EU remains committed to its efforts to reduce emissions in the airline industry, but was heartened by a statement last Friday by ICAO that its member states are committed to coming up with a global strategy.
“Our regulatory scheme was adopted after having waited many years for ICAO to progress,” she said. “Now it seems that because of some countries’ dislike of our scheme many countries are prepared to move in ICAO, and even to move towards a market based mechanism at global car rental israel jerusalem level.”
Under the scheme, airlines flying in or out of EU airports would have their emissions capped at 97% of the average annual emissions between 2004 and 2006. They would be required to buy 15% of their allowances under the cap through an auction, car rental israel jerusalem and any additional to cover their growth. Further reductions to the cap would follow.