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The Peninsula
Qatar-based Global Carbon Council (GCC) has recently received full approval from the United Nation’s International Civil Aviation Organisations’ (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Being host of the GCC, an initiative by the Gulf Organisation for Research & Development and the first and only global voluntary greenhouse gas (GHG) offsetting programme of the Mena region, Qatar can be proud of this achievement, which is part of its long march in efforts to realise the most relevant dream of the world, a carbon neutral universe.
With expectation to issue more than 10 million carbon credits in 2021, GCC is listed among eight international programmes that are eligible to supply carbon credits to international airlines to meet their carbon neutral growth.
Global Carbon Council in Qatar receives approval under ICAO s CORSIA
19 Apr 2021 - 10:29
The Peninsula
Qatar-based Global Carbon Council (GCC), an initiative of Gulf Organisation for Research & Development (GORD) and the first and only global voluntary greenhouse gas (GHG) offsetting program of the Mena region, has recently received its full approval from the United Nation’s International Civil Aviation Organization’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
With expectation to issue more than 10 million carbon credits in 2021, GCC is listed among eight international programmes that are eligible to supply carbon credits to international airlines to meet their carbon neutral growth.
Clean crude? Oil firms use offsets to claim green barrels
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.
While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA.
Carbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or solar power farms. The projects’ owners can sell the credits to polluting companies, who then use them to make claims of offsetting their carbon emissions.