What is Carbon Offsetting and Reduction Scheme for International Aviation?
Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) was adopted at the 39th session of the ICAO Assembly in 2016. The aim is to address any annual increase in total CO2 emissions from international civil aviation above 2020 levels and contribute to the industry’s commitment to carbon neutral growth from 2020 (“CNG2020”).
Under CORSIA, airlines will be required to buy carbon offsets to compensate for their growth in CO2 emissions. Carbon offsets are generated through the implementation of carbon reduction projects in developing countries, with many of them linked to co-benefits, delivering health, economic and biodiversity benefits to communities.
While some routes will be exempt from offsetting requirements, all airlines operating international flights are mandated to monitor their fuel consumption emissions and report them to their national authorities from 1 January 2019.
A CORSIA Capacity Building workshop jointly organized with the International Emissions Trading Association (IETA) was held in Singapore last week to assist airlines in developing an understanding of the emerging principles that will govern CORSIA and allow industry participants to share experiences.
In this interview, Michael Schneider, IATA’s Assistant Director for Carbon Offset Business Development, and Michel Adam, IATA’s Manager for Environment Policy, discuss why airlines need to get prepared before CORSIA is implemented from 2020.