Emissions would be fixed at 2020 levels, and airlines that exceeded those levels would have to buy credits to offset the additional emissions. The gist is that while international aviation will grow in volume in the future, its emissions should nevertheless be held constant at 2020 levels. [Obama hails ‘historic’ ratification of Paris climate agreement]“Aviation can now claim its ‘Paris moment,’ ” said Olumuyiwa Benard Aliu, the president of the ICAO council, in a statement following the news. The Environmental Defense Fund called the deal “historic.” “We estimate the total tons avoided is 2½-billion tons over the first 15 years,” said Nathanel Keohane, vice president for global climate at the group. “So 2 to 3 percent of global emissions, and it’s among the fastest growing sectors.

Source: Washington Post October 06, 2016 19:41 UTC