The European Commission’s proposed revision of the EU’s Emissions Trading System for aviation and implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) lays out the groundwork for the welcome phasing out of free allocation. However, it fails to uphold, let alone strengthen, carbon pricing for the aviation sector by prioritising the risky and ineffective implementation of CORSIA over a full-scope inclusion of flights under the EU ETS.
EU ETS vs CORSIA: Which better navigates the turbulence of the climate crisis?
Carbon Market Watch commissioned environmental consultants Ricardo to produce a study comparing the functioning of the EU ETS and CORSIA, and their respective climate ambitions.