When it comes to cutting greenhouse gases that are driving up global temperatures and threatening the planet, there are few ways to reduce the pollution caused by air travel.
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As the world begins to emerge from lockdowns and secondary and tertiary waves, the temporary lull in emissions caused by aviation is set to come back in full force. Before the pandemic, sustainability was the industry’s biggest challenge. The standard way of going green has been to purchase carbon offset credits. However, with United Airlines declaring it is investing millions of dollars into carbon capture technology, how do these solutions compare?
Carbon offset and carbon capturing are two different things, and both will be instrumental in decreasing aviation’s impact on climate change. Photo: Getty Images
Carbon offsetting alone is not enough, Kirby says
The US Environmental Protection Agency (EPA) has for the first time issued greenhouse gas (GHG) standards for new aircraft which, it argues, will ensure “international consistency” and give US manufacturers a “level playing field” with foreign competitors.
(OPIS/Business Wire) OPIS, an IHS Markit (NYSE: INFO) company and the leading benchmark provider for emissions and carbon markets data, will launch today the world’s first comprehensive daily pricing suite for global voluntary carbon offset credits to advance the global initiative to reduce greenhouse gas emissions. The OPIS Global Carbon Offsets Report will bring greater transparency to the voluntary REDD+ credits and CORSIA-eligible offsets markets, providing pricing solutions to stakeholders engaged in net-zero and emissions reduction strategies.
The new information service will include daily price assessments for voluntary carbon credits produced by nature-based projects for Reducing Emissions from Deforestation and Forest Degradation (OPIS Voluntary REDD+ Credits), as well as CORSIA Eligible Offsets (OPIS CEO) that reflect methodologies specified by the International Civil Aviation Organization (ICAO) for assets that comply with the Carbon Offsetting and Reduction Scheme f