ETS – Does anyone know what to plan for?

There is a great deal to be made and lost from trading in carbon credits and as the price of the same is so very low many EU-based airlines have been stocking up for the future. Even so the US Senate has unanimously passed the Thune bill on Saturday allowing the transportation secretary to force US airlines to not participate in the EU Emissions Trading Scheme (EU ETS). The bill had some amendments added allowing some of its effects to be nullified if the EU changes its scheme to an acceptable format or if the ICAO takes some related action,