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VCM REPORT: CORSIA futures jump above $12/t on EU ETS reform package, despite complications for global aviation
ICE CORSIA Dec-26 futures continued their upward swing last week, rising to $12.50/t by the end of Friday, from $10 per tonne the previous week, as the European Union proposed to extend EU Emissions Trading System (ETS) coverage to some international flights while continuing “support for multilateralism” through a CORSIA cost deduction mechanism.
ICE CORSIA Dec-26 futures continued their upward swing last week, rising to $12.50/t by the end of Friday, from $10 per tonne the previous week, as the European Union proposed to extend EU Emissions Trading System (ETS) coverage to some international flights while continuing “support for multilateralism” through a CORSIA cost deduction mechanism.
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