Subscribe Free
in Air Transport / Business Aviation / ATM & Regulatory

ICAO reaches agreement on carbon offset in historic conclusion

Posted 7 October 2016 · Add Comment

The International Civil Aviation Organisation (ICAO) last night finally concluded the long awaited historic agreement to implement a market-based measure that will support airlines' efforts to stabilise emissions with carbon neutral growth.


The agreement – strongly backed by IATA and its member airlines - was reached by states attending the 39th ICAO Assembly which ended yesterday in Montreal, Canada.
ICAO’s 191 member states agreed to implement a Carbon Offset and Reduction Scheme for International Aviation (CORSIA).
"The historic significance of this agreement cannot be overestimated. CORSIA is the first global scheme covering an entire industrial sector. The CORSIA agreement has turned years of preparation into an effective solution for airlines to manage their carbon footprint. Aviation is a catalytic driver of social development and economic prosperity—it is the business of freedom making our world a better place. This agreement ensures that the aviation industry’s economic and social contributions are matched with cutting-edge efforts on sustainability. With CORSIA, aviation remains at the forefront of industries in combatting climate change," said Alexandre de Juniac, IATA’s director general and CEO.
CORSIA is set to commence with a voluntary period (2021-2026) after which it will become mandatory. "The enthusiasm and commitment of states in the voluntary period is impressive. Even states that would normally not be required to participate—small island nations and developing economies—have shown their commitment by signing up. The list of states volunteering for the first phase now numbers 65, giving CORSIA which we estimate will cover more than 80% of growth post 2020. And we continue to encourage more states to join," said de Juniac.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Middle East and Africa Airlines revenue losses mount

The International Air Transport Association strengthened its call for urgent action from governments in Africa and the Middle East to provide financial relief to airlines as the latest IATA scenario for potential revenue loss by

Air France KLM group wins Sustainability Award at Dubai Airports Excellence Awards

Air France KLM group was the winner of the Sustainability award for 2018 at the third annual Dubai Airports Excellence Awards held at Soho Beach Meydan, on 22 April 2019.

MBRSC releases GIF image showing decline of NO2 in the GCC

Mohammed Bin Rashid Space Centre (MBRSC) has released a GIF image of the decrease in nitrogen dioxide (NO2) concentration in the GCC countries, between 26 November 2019 until 27 March 2020.

Emirates to be bailed out by the Dubai Government

The Dubai Government is set to bail out Emirates Airline after its financial impact of the Covid19 pandemic.

OneWeb files for Chapter 11 restructuring to execute sale process

OneWeb, a communications company, announced today that the company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern

Pillar Hawk

Locally-assembled BAE Hawks have become the first new Saudi-built fast jet aircraft to fly in home skies, marking a significant step forward for the kingdom’s aerospace industry. Jon Lake reports.

ATC Forum SK2702240620
See us at
AVMENA20 BT1309100620SaudiAirshow21BT2011180221MAPS2020 BT1102171120Arabian Trav Mark BT1603010720