Airline retires second tranche of CORSIA credits, taking total to 250k
An Asian airline has retired another 100,000 carbon credits to meet its obligations under the aviation sector’s international offsetting programme, taking its recent total to 250,000 tonnes after the second tranche.
Read MoreGold Standard broadens list of approved insurance policies for CORSIA to five
Gold Standard (GS) has added another insurance policy to the list of approved covers for CORSIA, the international aviation offsetting scheme, the registry announced Tuesday.
Read MoreVCM REPORT: CORSIA edges back to $10/t ahead of EU assessment, analysts revise down demand outlook
Benchmark ICE CORSIA futures bounced back towards $10/t last week, climbing from two-year lows, as the European Commission’s assessment of the international aviation offsetting scheme that will affect the participation of EU carriers inches closer.
Read MoreICAO attempts to ward off criticism of CORSIA, urges member state cooperation
The International Civil Aviation Organization (ICAO) is warning against fragmenting carbon regulation for the global aviation industry ahead of the EU assessment of CORSIA due for publication this month.
Read MoreINTERVIEW: Korean securities firm eyes potential in growing CORSIA market, secures its first procurement contract
A major securities firm in South Korea has facilitated the country’s first CORSIA-eligible emission unit (EEU) purchase agreement for a domestic airline, signalling its strategic push to expand its presence in the emerging compliance market for the aviation industry, a manager at the company told Carbon Pulse.
Read MoreReal CORSIA demand could be 38% lower than theoretical obligation, analysts say
The demand for Eligible Emissions Units (EEUs) under the UN’s CORSIA aviation offsetting scheme could be far below the 198 mln EEUs due to be retired by Jan. 2028, largely because of limited enforcement – while uncertain supply thins liquidity in the market, according to an analysis published Thursday.
Read MoreEuropean bank buys SAF to help cut its supply chain emissions
A European bank and airline have teamed up to increase to supply the airline with sustainable aviation fuel (SAF), helping to cut the bank’s supply chain emissions.Â
Read MoreAirlines must set stronger climate goals as current voluntary targets fall short, experts say
Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector’s emissions gap, according to an academic report.
Read MoreGerman ruling party seeks looser EU carbon cap, aviation freeze in upcoming ETS reform
The German centre-right CDU/CSU wants to “significantly lower” the rate at which carbon allowances under the EU’s Emissions Trading System (ETS) are cut each year, introduce a limited amount of international carbon credits into the market, and resist extending the scheme to international flights departing the bloc, according to a preliminary draft position seen by Carbon Pulse.
Read MoreVietnam carrier urges first claim on domestic credits for sector
Vietnam Airlines has urged policymakers to prioritise allocating domestic carbon credits to the aviation sector as carriers prepare to meet international climate obligations, a domestic newspaper said.
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