Hong Kong, Oct. 11 -- It was not surprising there was dissension among some delegates of the 193 states attending the International Civil Aviation Organization's (ICAO) 40th Assembly in Montreal at the turn of the month.
Three years ago, after negotiations that often were touch and go affairs, delegates to the 39th ICAO Triennial Assembly voted in the world's first industry carbon offsetting scheme, the Carbon Offset and Reduction Scheme for International Aviation (CORSIA).
It was the single global economic measure that aimed for carbon neutral growth by 2020 and a 50% reduction in emissions, from 2005, by 2050. The scheme was calculated to generate US$40 billion in climate funding and offset around 2.5 billion tonnes of CO2 from airline...