Dear Commissioners Bulc and Arias Cañete, Aviation entrepreneurs, assisted by NASA, are in the process of developing a new generation of supersonic business jets for launch early in the next decade. This will require the establishment of new environmental certification requirements, including those covering noise and CO2 emissions, as past regulations have lapsed and the…
Prepared for the Bonn Climate Change Conference 30 April – 10 May 2018 Carbon Market Watch welcomes the opportunity to provide input to the APA discussions as they relate to the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) agreed in October 2016 at the International Civil Aviation Organization (ICAO) 39th Assembly, and corresponding…
Introduction Over the past 20 years, global efforts to mitigate the effects of climate change have increasingly relied upon the implementation of local mitigation projects. While aiming to reduce emissions in the most cost-effective way, some of these projects have built up a record of adverse impacts on local people, resulting in the displacement of…
CONTRIBUTION OF THE GLOBAL SHIPPING SECTOR TO ACHIEVING PARIS AGREEMENT CLIMATE OBJECTIVES After a long period of operating exclusively under sail, the shipping industry transitioned first to coal-fired steam engines, and then to fossil-fuelled internal combustion engines. Today the fleet almost exclusively uses large four and two-stroke marine diesel engines, fuelled for the most part…
CONTRIBUTION OF THE GLOBAL AVIATION SECTOR TO ACHIEVING PARIS AGREEMENT CLIMATE OBJECTIVES EXECUTIVE SUMMARY The aviation sector is a top-ten global emitter whose emissions are expected to rise dramatically by mid-century. Under current scenarios, the aviation sector could emit 56 GtCO2 over the period 2016-2050, or one-quarter of the remaining carbon budget. It is critical…
Joint briefing by Carbon Market Watch and Transport and Environment Overview The ICAO General Assembly, in October 2016, adopted an assembly resolution to establish a global offsetting mechanism for international aviation for emissions above 2020 levels (CORSIA). We have a number of concerns about this overall agreement: in particular the weak target and the exclusive…
Executive Summary Agreed in October 2016 by 191 countries in the UN International Civil Aviation Organization (ICAO), the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)1 is the world’s first global market-based climate measure for a sector. While agreement to establish CORSIA was an important development, ICSA believes that it is only one component of the action…
Executive summary A new offsetting scheme called the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) was established by the International Civil Aviation Organisation (ICAO) in 2016 to compensate for the industry’s emissions growth above 2020 levels. Although this measure will address less than a third of the sectors’ total expected emissions in 2030,…
Last year, states created an offsetting scheme to compensate for aviation’s pollution growth above 2020 levels. The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is supposed to contribute to the temperature goals of the Paris Agreement. However, compensating for growing emissions does not reduce emissions overall, nor put the sector on a pathway to do so. ICAO will finalize details for the CORSIA by the end of 2017. Crucial elements include the type of credits allowed, registry design, and Monitoring, Reporting and Verification (MRV) rules.
The Paris Agreement marks a new era for international climate action in general, and specifically for international carbon markets. Though the agreement does not mention markets per se, Article 6 paragraph 4 establishes what has become to be known as the Sustainable Development Mechanism (SDM) which builds on and shares some features of the Kyoto flexible mechanisms namely the Clean Development Mechanism (CDM) and Joint Implementation (JI).
Carbon pricing 
International transport 
Climate governance 
Fair climate action