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

Paris Airshow: Global Aerospace companies confirm participation at Bahrain International Airshow 202

The Bahrain International Airshow (BIAS) yesterday announced that major aerospace companies have confirmed their participation in BIAS 2020, as the show approaches its tenth-year anniversary.

Paris Airshow: International Airlines Group intend to buy 200 Boeing 737 MAX aircraft

One of the world's largest airline groups announced yesterday it plans to build its future fleet with the Boeing 737 MAX with an intention to purchase 200 MAX jets.

Dubai Airports pledge to rid single use of plastics

Dubai Airports has pledged to do its part to rid the planet of single use plastics by announcing its intention to ban them from consumer spaces at the world’s busiest international airport effective January 1, 2020.

Finding the key to unlock airport potential

For the first time in its 61-year history, Airports Council International (ACI) Africa themed an event around non-aeronautical revenues. It was during its regional conference & exhibition held from March 4-10 in Egypt. Anuradha

Etihad Airways to launch ‘green season’ flights to Salalah

Etihad Airways is preparing to launch seasonal flights between Abu Dhabi and the beautiful coastal city of Salalah, southern Oman, in time for the region’s unique Khareef, or green season.

Gulf Air sign up as the official carrier of the Bahrain International Airshow 2020/22

Gulf Air has signed a sponsorship agreement with the Ministry of Transportation and Telecommunications’ Civil Aviation Affairs entitling the airline to become again the official carrier of the Bahrain International Airshow in its

ACCA19_SK0201080919
See us at
DIAC19_BT264161119ACCA19_BT_2404091019