The UNFCCC’s COP16 climate change negotiations in Cancun have concluded with barely a mention of the airline industry.
COP16 was successful in agreeing to design a ‘Green Climate Fund’, aimed at raising financing to help developing countries deal with the effects of climate change.
However, a proposal to raise $3 billion a year for the fund though the introduction of a new tax on aviation was not adopted.
For more details, here’s an article I penned this morning.
COP17 will take place in Durban, South Africa in late 2011.