• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

2

Current price of oil as of June 8, 2026

3

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

1

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

2

Current price of oil as of June 8, 2026

3

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Leadership

China, US and Europe Pledge Support for Global Aviation Emissions Pact

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
September 3, 2016, 1:19 PM ET
A Malaysia Airlines Boeing 737 aircraft
Sepang, MALAYSIA: A Malaysia Airlines Boeing 737 aircraft leaves vapour contrails after flying through low-altitude clouds while making its final approach at the Kuala Lumpur International Airport in Sepang, 28 November 2006. National carrier Malaysia Airlines will be announcing its 2006 third quarter earnings 28 November. AFP PHOTO/TENGKU BAHAR (Photo credit should read TENGKU BAHAR/AFP/Getty Images)TENGKU BAHAR AFP/Getty Images

China, the United States and Europe all pledged support on Saturday for a new deal to curb carbon dioxide emissions by airlines which is due to be finalized at a meeting of the UN’s International Civil Aviation Organisation (ICAO) in September and is expected to go into effect from 2021.

Aviation was excluded from last December’s climate accord in Paris when countries agreed to limit the global average rise in in temperatures to “well below” 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels.

The proposed new deal on aviation, which aims to cap the carbon pollution of all international flights at 2020 levels will be voluntary between 2021 and 2026 and then mandatory from 2027 for the world’s largest emitters.

Airlines in participating countries would need to limit their emissions or offset them by buying carbon credits from designated environmental projects around the world.

Global Aviation Industry Agrees To First Carbon Emissions Limits

ICAO has estimated that carbon offsetting will cost operators 0.2-0.6% of total revenue from international aviation beginning in 2025, and 0.5-1.4% from 2035.

“Today, the United States and China are expressing their support for the ICAO Assembly reaching consensus on such a measure,” the two countries said in a joint statement earlier on Saturday.

The statement, released ahead of a G20 summit in the Chinese coastal city of Hangzhou, said both countries “expect to be early participants in the measure and volunteer to join.”

In a separate statement, the European Civil Aviation Conference (ECAC), a grouping of the EU and 16 other countries, said it would join the market-based plan from the outset and urged all other major airline operating states to do so.

Participation by China, which as a developing country has traditionally been opposed to any binding emissions regime for its industries, is considered crucial to any deal, and experts say they expect it to favor Chinese airlines at least in the initial phase.

For more on climate change, watch:

“It is not an issue for China to sign up for the ICAO deal, as the mitigation actions are voluntary until 2026,” said Chai Qimin, a researcher with China’s National Center for Climate Change Strategy and International Cooperation (NCSC).

Chai said the deal could also favor China by giving it a lower share of all emissions that must be capped starting from 2020, but its participation would still depend on whether other countries could agree on terms.

China has been concerned that attempts to force its planes to buy carbon credits would represent a violation of the “common but differentiated responsibility” principle that says developed countries should take the lead in cutting emissions.

Negotiations are expected until the ICAO meets on Sept. 27.

“There are a lot of details that will determine the level of ambition,” said Li Shuo, climate adviser with Greenpeace.

Companies Need to Rethink their Position on Climate Change

While China had been more “progressive” when it came to the Montreal protocol and the phasing out of CFCs, it was showing fewer signs of movement on aviation, he said.

Annie Petsonk, international counsel at the Washington D.C.-based Environmental Defense Fund, said 80-90% of emissions above 2020 levels would need to be covered by the agreement for the civil aviation sector to hit a long-term target of carbon-neutral growth.

As an aviation powerhouse, China’s participation in the deal’s initial voluntary phases from 2021 to 2026 would likely be required to hit that 80 percent target, according to calculations by the non-profit International Council on Clean Transportation.

The council’s Dan Rutherford has said China’s absence from first phases “would definitely be a big hole in the coverage.”

Monsanto and Farmers: The Problem of Climate Change and Science

On Thursday, the European Commission’s director-general for transport urged countries to join the deal.

“Our aim must be also to try to maximize the coverage and to try to have all the key aviation nations opting in,” said Henrik Hololei during an environment committee hearing.

China declined to cooperate with EU efforts to compel international airlines to buy carbon credits from its emissions trading scheme to cover flights into European airports, forcing the EU to suspend the plan.

European legislators also remain skeptical of the draft ICAO resolution, arguing it falls short of EU ambitions.

Global Aviation Industry Agrees To First Carbon Emissions Limits

Some members of the EU parliament say the draft does not go far enough to justify extending the exemption for international flights from the EU’s own aviation emissions trading scheme beyond 2016.

The EU has to decide whether to continue exempting international flights by the end of the year.

The Civil Aviation Administration of China would not comment on China’s position, but Chai Haibo, vice-general secretary of the China Air Transport Industry Association, said the industry would support whatever decision the government made.

“Multinational negotiations under a government framework are more favorable, and we hope it will result in an acceptable deal to all parties,” he said.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO
C-SuiteBrainstorm Tech
Opening offices in 120 countries is ‘not a badge of honor’—pick 30 instead says iconic former tech CEO
By Jeff John RobertsJune 9, 2026
3 hours ago
penn
North Americatransit
‘I’m not focused on names at all’: Rumors of Trump Station replacing Penn Station in New York batted aside
By Philip Marcelo and The Associated PressJune 9, 2026
3 hours ago
Alex Karp
SuccessView from the C-Suite
Palantir CEO Alex Karp says executives who brag about their AI cuts might as well ‘sign up for the Bernie Sanders manifesto’
By Preston ForeJune 9, 2026
3 hours ago
Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’
Successphilanthropy
Stephen Schwarzman’s grandfather inspired the Blackstone billionaire’s philanthropy: It was ‘his privilege to help others in need’
By Sydney LakeJune 9, 2026
3 hours ago
wood
North AmericaObituary
One of America’s greatest historians just died at 92 after being hit by a car in a supermarket parking lot
By Hillel Italie and The Associated PressJune 9, 2026
3 hours ago
Teenage boy on laptop
SuccessJobs
Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox
By Emma BurleighJune 9, 2026
4 hours ago

Most Popular

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
22 hours ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
1 day ago
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
2 days ago
'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
Economy
'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
1 day ago
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
20 hours ago
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
Economy
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
By Nick LichtenbergJune 7, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.