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IATA launches carbon exchange for airlines to access and trade offsets for CORSIA and voluntary requirements

18/12/2020



IATA has formally launched the Aviation Carbon Exchange (ACE), a platform for airlines and other aviation stakeholders to offset their carbon footprint by purchasing credits in certified projects. Carbon reduction programmes on ACE include forestry projects, clean wind energy operations, protection of eco-systems and remote community-based projects to cut emissions. The platform has been under development since the beginning of the year and is aimed at providing a tool for airlines in fulfilling their offsetting obligations starting in 2021 under the ICAO CORSIA scheme. The impact of Covid-19 on the airline industry and a change to the CORSIA baseline means offsetting under the scheme is now unlikely to be required for at least several years but ACE will still be open to airlines wanting to invest in voluntary offsets. ACE was developed in conjunction with commodities trader Xpansiv CBL Holding Group and US carrier JetBlue has completed the first trade. [...]

GreenAir Online

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