Industry welcomes ICAO adoption of global carbon offsetting scheme and looks ahead to next phase

Seven years after first proposing a global market-based measure as part of a strategy to address its impact on climate change, last week’s agreement by countries at the ICAO Assembly to start the CORSIA carbon offsetting scheme from 2021 is a landmark moment for the aviation industry. The carbon-neutral growth from 2020 (CNG2020) mid-term target set by industry – it has a long-term ambition to cut net emissions in half by 2050 – went too far for some important aviation countries to sign up to, and the permitted exemptions and voluntary nature of the early stages of the scheme means CNG2020 will likely be unreachable. But the international agreement is welcome relief for an industry left out of the wider climate negotiations at the UNFCCC COP21 in Paris last December and enduring criticism from some quarters for failing to adequately address its fast-growing carbon emissions. [...]

GreenAir Online

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