The International Air Transport Association (IATA) 75th Annual General Meeting (AGM) overwhelmingly approved a resolution calling on governments to continue important work for full implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) agreed through the UN’s International Civil Aviation Organization (ICAO).
CORSIA is the first global carbon pricing instrument for an industry sector. It will cap net CO2 emissions from international aviation at 2020 levels (carbon-neutral growth, or CNG).
“Airlines know that effective plans to cut emissions are critical to earning their license to meet the growing demands for air connectivity. In fact the strongest demand growth is in the developing world, reflective of aviation’s contribution to 15 of 17 of the UN’s Sustainable Development Goals. CORSIA sets the stage by capping emissions at 2020 levels. Between 2020 and 2035 it will mitigate over 2.5 billion tonnes of CO2 and generate at least $40
Corporate customers help airlines on journey to affordable sustainable fuel
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IATA supports ICAO decision on Carbon Offsetting and Reduction Scheme
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