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Briefing
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- Carbon reduction – International Civil Aviation Organization (ICAO) announced a global framework to offset carbon being emitted from international flights, which was agreed upon by 65 nations, representing 86.5% of international flight operations
- Timeline – Will be for voluntary compliance in 2021 and mandatory by 2027
- Carbon scheme – Countries are required to maintain yearly quota of emission units based on their 2019-20 pollution levels with any excess to require purchase of additional units from an openly-traded carbon exchange market
- Other measures – Include improved engines, more efficient flightpaths, and use of biofuels to help achieve carbon neutral growth by 2020
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Accelerator
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Sector
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Transportation and Logistics
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Organization
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International Civil Aviation Organization
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Source
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Original Publication Date
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October 10, 2016
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