TODAY’S SUPPLY OF CARBON CREDITS AND TOMORROW’S DEMAND FROM CORSIA Carbon Market Watch Factsheet Summary The concern that too few credits will be available to meet demand from airlines under the future aviation carbon market CORSIA is misplaced. Today’s supply from the three largest voluntary programmes alone is enough to cover CORSIA’s demand until well…
Dear Council Members, The decisions you make next month on emissions unit and emissions unit program eligibility for ICAO’S Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) – and the transparency with which you make these – put the credibility of aviation’s climate efforts in the global spotlight. Aviation is facing unprecedented challenges, with…
In two parallel global climate processes governments need to finalise details for both international carbon markets under the Paris Agreement and the future aviation offsetting scheme CORSIA. Meanwhile, citizens are losing patience with their leaders that move too slowly in the face of a climate breakdown. Strong action is therefore expected from decision-makers if they…
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…
The Swedish government is tackling the soaring emissions from aviation through an extra fee on airline tickets. There has been significant industry pushback about the extra costs, stating concerns both about economic impacts and low environmental benefits. We agree that in order to drive real transformation of the most polluting of all transport modes, overall…
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…
Editorial Earlier this month, six EU countries discussed the possibility of introducing a minimum price on pollution. A carbon floor price in Northern and Western Europe could accelerate the shift away from coal and create a tipping point for the phase-out of fossil fuels in other sectors and jurisdictions. An initiative by the Dutch environmental organisation WISE aims to…
The future aviation offsetting scheme will end up having little impact on the sector’s soaring emissions unless restrictions are applied on what kind of offset credits airlines can purchase, a new study has found. The study, commissioned by the German government, looked at the scenario where all offset credits from the UN’s Clean Development Mechanism…
BONN 14 November 2017. A new Columbia Law School report reveals major shortcomings in how the UN aviation body (ICAO) interprets transparency and public participation requirements. The report’s findings come amidst a closed meeting in Montreal that kick-starts the approval of rules for ICAO’s new carbon offsetting scheme. A separate Carbon Market Watch analysis on…
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,…
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