EU-ETS, Emerging Asian Market Among Factors Affecting Business Aviation Overseas in 2012

Summary: This year business aviation saw continued growth in China, while some European countries, most notably Italy, debated a tax on business aviation. Also in Europe, throughout 2012, industry and government officials in the U.S. grappled with a proposed European Union Emissions Trading Scheme (EU-ETS), a market-based solution introduced by European officials to curb greenhouse gas emissions.