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International Update Volume 41, Issue 28

AVIATION GROUP PROTESTS EU EMISSIONS TRADING SCHEME LAWS

EU

The International Civil Aviation Organization (ICAO) Council and other non-EU member states agreed to launch a formal protest against the EU last week over its plans to charge for carbon emissions from airlines, a move ICAO and other countries called discriminatory and inconsistent with global laws. Starting in January, airlines will have to buy permits from the Emissions Trading Scheme for 15% of carbon emissions produced during flights to and from Europe.

JUDGE HALTS BELO MONTE DAM CONSTRUCTION

Brazil

A Brazilian judge halted work on the multi-billion dollar Belo Monte dam, ruling in favor of fisheries groups who argued that the dam posed a threat to the livelihoods of indigenous communities on the Xingu river. The government has said that the dam, which would be the world's third largest, is necessary to meet Brazil's growing energy needs and will provide electricity to 23 million homes. But Judge Carlos Castro Martins barred Norte Energia, the company behind the project, from building infrastructure that would interfere with the flow of the river and affect fish stocks.

CANADA MAY LOSE ONE PERCENT GDP DUE TO CLIMATE CHANGE

Canada

An official panel said last week that climate change will cause damage to Canada equivalent to about 1% of gross domestic product (GDP) in 2050 due to flooding, illness, and the death of forests. In addition, the damage could amount to as much as 2.5% of GDP by 2075.