ICAO's CORSIA - May 2019 Newsletter

22/05/2019

Special Update: Verifavia First Global ICAO’s CORSIA Verifier to Earn Dual Accreditation!

Following our recent announcement that we received full CORSIA accreditation from the Singapore Accreditation Council (SAC), we are pleased to announce that we have earned a second accreditation by United Kingdom’s national accreditation body UKAS!

This new accreditation makes Verifavia the first and only global CORSIA verifier with dual accreditation. Verifavia will therefore figure twice (Verifavia UK & Verifavia Singapore) on the list of verification bodies in the ICAO document entitled “CORSIA Central Registry (CCR): Information and Data for Transparency” that is supposed to be made available on the ICAO CORSIA website by 31 May 2019.

Verifavia is able to verify any aeroplane operator anywhere in the world, regardless of the State it is attributed to. If you would like to receive a tailor-made proposal for the verification of your emissions reports, please write to us at corsia@verifavia.com.

We plan to perform all CORSIA and EU ETS verification under our UKAS accreditation, and all new CORSIA verifications under our SAC accreditation.

By combining our innovative approach and streamlined procedures with the technical expertise and industry knowledge of our experienced team, we will strive to provide you with a top-of-class service that ensures you and your team experience a smooth verification journey!

Should you have any questions around the implementation of the CORSIA specific to your company, please feel free to get in contact.

Contact us to request a proposal for our CORSIA verification services
View our accreditation on UKAS webiste
View our accreditation on SAC website

New Session of VERIFAVIA CORSIA Training Course Open

Following the very successful CORSIA training courses organized by VERIFAVIA in 2018 and in January 2019, we have scheduled a new session on 9-10 July 2019 in Paris that is now open for registration.

The first monitoring year for any operator undertaking international flights is 2019 and operators should have started monitoring their fuel consumption from 1st January according to their approved Emissions Monitoring Plan.

This is the reason why we would like to share with aeroplane operators and regulatory authorities all the knowledge they may need and offer you detailed training on all aspects of CORSIA (principles, MRV, offsetting, emissions units, etc.) with interactive modules, practical exercises, a test and a training certificate.

VERIFAVIA customers can benefit from a 30% discount over our standard training fee.

More information
Download our e-flyer
Download the course agenda
Please click here to register your participation

ICAO's CORSIA Update

As of 6 May 2019, 80 States, representing 76.63% of international aviation activity, intend to voluntarily participate in CORSIA from its outset. The last announcement of participation came from Democratic Republic of the Kongo.

Here are the most important dates and actions you and other responsible stakeholders need to be aware of:

1^st January 2019 [aeroplane operators] – start of monitoring of CO2 emissions from all international flights
28^th February 2019 [aeroplane operators] – deadline for the submission of a CORSIA Emissions Monitoring Plan (EMP) to State
30^th April 2019 [State] – deadline for the approval of EMP by State
30^th April 2019 [State] – deadline for the submission of a list of aeroplane operators that are attributed to the State, and a list of verification bodies accredited in the State to ICAO
31^st May 2019 [ICAO] – publication of compiled list of aeroplane operators in ICAO document ‘CORSIA Aeroplane Operator to State Attributions’
31^st May 2019 [ICAO] – publication of compiled list of accredited verification bodies as part of the ICAO document ‘CORSIA Central Registry (CCR): Information and Data for Transparency’

Monitoring of CO2 emissions should have started on the 1^st of January 2019. To monitor their CO2 emissions, every eligible aeroplane operator should have submitted an EMP to their State. If you didn’t submit your CORSIA EMP, we recommend you contact your CORSIA Focal Point as soon as possible.

Read more about ICAO's CORSIA
SARPs – Annex 16 Volume IV
Environmental Technical Manual – Volume IV
Template of Emissions Monitoring Plan (from aeroplane operator to State)
ICAO’s CORSIA website

CORSIA creates compliance complexities for aircraft owners and lessors, as well as operators

The airline industry has generally welcomed the International Civil Aviation Organization’s (ICAO) new CORSIAcarbon offsetting scheme for international aviation, which went into effect on 1 January 2019. However, CORSIA’s Standards and Recommended Practices (SARPs) impose an immediate compliance obligation on international airlines and raises a number of potential and unforeseen credit, political and reputational risks, not only for operators but also for aircraft owners and lessors, write Jordan Labkon and Barry Moss. Owners and financiers will need to monitor the evolving landscape of CORSIA requirements and the consequences of non-compliance, as well as consider implementation of appropriate measures.[...]

Read the article

CORSIA offset supply - the importance of vintage in determining scheme's cost and environmental integrity

The ICAO Council has now adopted long-awaited eligibility standards that set guidelines for what types of units airlines can use to offset their emissions growth under CORSIA. There are currently about two billion carbon offsets in circulation produced by the UN’s Clean Development Mechanism (CDM). A large proportion of that volume has already been used for compliance purposes by governments and also companies, for example under the EU ETS. If the remaining units – and those to be generated by CDM projects in the future – are allowed under the scheme, their volume would far surpass demand for offsets by air carriers. On the flipside, restricting the amount of CDM units eligible under CORSIA to only those with high environmental integrity would severely limit offset supply. This analysis by Refinitiv highlights a few possible offset unit supply scenarios, each reflecting potential restrictions to CDM unit eligibility on the basis of the adopted offset criteria.[...]

Read the article

The VERIFAVIA team is available for any questions you may have about this newsletter or other ETS and CORSIA related issues.

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