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The book addresses the most critical issue faced by aviation and climate change: namely the development of a market based measure to control aircraft engine emissions. It discusses the current market economic trends as they impact to aviation and suggests steps and measures to be taken in the development of a workable MBM. ICAO has three years to come up with such an MBM on a global scale and this book will spur discussions on how to achieve this objective.

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Introduction.- General principles of environmental law and regulation.- Market based measures.- The challenge faced by ICAO.- Required initial strategy.- Follow up strategy.- ICAO´s work in developing a global MBM.- Mitigating the environmental impact - The ICAO role.- Conclusion.

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Dr. Ruwantissa Abeyratne has worked in the field of aviation law and management for over twenty five years. He is currently Acting Deputy Director, Air Transport Bureau, at the International Civil Aviation Organization. He is also Professor of Aeropolitics and Law at the John Molson School of Business, Concordia University, Montreal.

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