The European Commission on 17th July unveiled a long-awaited proposal to review the EU ETS which, for aviation, can be broadly described as a compromise - neither the major leap forward some hoped for or feared, nor a retreat.

The European Commission on 17th July unveiled a long-awaited proposal to review the EU ETS which, for aviation, can be broadly described as a compromise - neither the major leap forward some hoped for or feared, nor a retreat.