Work on an ICAO global market-based measure begins to narrow down finer details of the Strawman

The design elements of a global market-based measure (GMBM) scheme to limit the growth of international emissions are slowly being pulled together by ICAO’s Environmental Advisory Group (EAG). Set up in March, the EAG comprises 17 representatives from the governing ICAO Council, with participation from an industry representative, and works in parallel with a Global MBM Technical Task Force (GMTF), an ICAO CAEP sub-group. The EAG is now developing the principles and details of a carbon offset global scheme based on a Strawman approach drawn up by the ICAO Secretariat. Strawman Version 1.0 was presented to the EAG in March and after five meetings it has now progressed to Version 1.1. Its contents up till now have been restricted to EAG members, although a recent Council meeting has agreed to enhance the transparency of EAG activities and the Strawman to CAEP members, observers and experts.

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