Presidential pardon gives no-cost airlines the all clear
Expanding the EU ETS to all departing EEA flights, including those operated by US airlines, is crucial to generate much needed revenue and spark aviation’s green transition.
Expanding the EU ETS to all departing EEA flights, including those operated by US airlines, is crucial to generate much needed revenue and spark aviation’s green transition.
The International Civil Aviation Organisation hailed its Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) as a global, harmonised answer to aviation’s growing climate impact. Yet the reality is very different: patchy enforcement, limited coverage, and heavy reliance on problematic offsetting with carbon credits.
The aviation industry is championing offsetting, carbon removals and other technical quick fixes to help it fly under the radar of climate action and avoid actual emissions reductions.
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. In this policy briefing, we present the study’s main findings and formulate policy recommendations.
The first carbon credits issued under the UN’s CORSIA offsetting scheme will do nothing to bring down the aviation sector’s sky high emissions.
Esta guía ofrece una introducción al estado actual de los mercados internacionales de créditos de carbono. Describe los elementos principales de los nuevos mercados establecidos en virtud del Acuerdo de París, así como el funcionamiento del mercado voluntario de carbono, que opera al margen del sistema de la ONU. Concluye con un debate sobre el papel que juegan estos mecanismos en la acción climática y sobre cómo deben y no deben utilizarse.
Este guia é uma introdução ao estado atual dos mercados internacionais de créditos de carbono. Apresenta os principais elementos dos mercados recentemente criados no âmbito do Acordo de Paris e o funcionamento do mercado voluntário de carbono, que opera fora do sistema das Nações Unidas. Conclui com um debate sobre o papel destes mecanismos na ação climática e sobre a forma como devem e não devem ser utilizados.
Ce guide présente l’état actuel des marchés internationaux de crédits carbone. Il présente les éléments clés des marchés nouvellement établis dans le cadre de l’Accord de Paris, ainsi que le fonctionnement du marché volontaire du carbone, qui opère en dehors du système des Nations unies. Il se termine par une discussion sur le rôle de ces mécanismes dans l’action climatique et sur la manière dont ils devraient ou ne devraient pas être utilisés.
This guide gives an introduction to the current state of international carbon credit markets. It lays out key elements of the newly established markets under the Paris Agreement, and the functioning of the voluntary carbon market, which operates outside of the UN system. It concludes with a discussion of the role of these mechanisms in climate action, and how they should and should not be used.