Plentiful supply of quality offsets can meet international aviation demand under ICAO global carbon scheme

Concern that there will be an insufficient supply of quality carbon offsets to meet demand under a global market-based mechanism (GMBM) for international aviation appears groundless, according to analysis by Oeko-Institut. The UN’s Clean Development Mechanism (CDM) is the largest source of credits, with more than 7,500 projects registered to date. The German research organisation found that credits from the pipeline of existing CDM projects could cover international aviation demand for a period of at least eight years from the potential start of the scheme in 2021 even if tight eligibility requirements are introduced. Meanwhile, some in the airline sector are pushing for REDD+ forestry credits to be also included in the GMBM. Eligibility criteria for offset units under the GMBM is currently under scrutiny by an ICAO expert working group tasked with ensuring the environmental integrity of the scheme. [...]

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