Mexican airline Aeromexico on Friday announced that it had agreed a deal to buy CERs to help meet international emission reduction goals adopted by the sector.
Aeromexico said it will purchase CERs generated by renewable energy and methane capture projects from Mexico-based carbon trading platform MEXICO(2), but did not give further details as to quantities or prices.
The airline said that signing this agreement meant that it has adopted guidelines set by the International Aviation Transport Association (IATA) for the sector to achieve carbon-neutral growth by 2020, and to halve its 2005-level emissions by 2050.
Aeromexico added that it would cover a portion of the CER costs, with passengers picking up the rest.
The International Civil Aviation Organization (ICAO), the UN’s body governing the global sector, has said it will next year conclude talks on developing a global market-based mechanism for the world’s airlines, with a view to launching it from 2020.
Sources with knowledge of the negotiations have told Carbon Pulse that the programme could see the sector source offsets in the form of CERs from the CDM.