ICAO and UNFCCC announced aviation related 'clean development mechanism'

ICAO announced (27-Nov-2015) the adoption of the first aviation-related clean development mechanism (CDM) methodology under the UN Framework Convention on Climate Change (UNFCCC).

• Under the CDM, emission reduction projects in developing countries can earn certified emission reduction credits. These saleable credits, each representing one tonne of CO2, can be used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol;
• The new CDM approach relates to forward-looking projects that will incentivize innovation and significantly reduce emissions from aircraft while they manoeuver at airports;
• The methodology will quantify CO2 reductions from the use of electric aircraft taxiing systems;
• Emissions from international aviation are being addressed by States parties through ICAO, where they have agreed to an aspirational 2020 goal of carbon-neutral growth through a basket of measures, such as aircraft-related technology development, alternative fuels, improved air traffic management and infrastructure, efficient operations, and market-based measures. [more - original PR]