INTERVIEW: Navigating the imminent CORSIA carbon credit supply crunch
As the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) entered its first phase in 2024, airlines are grappling with an imbalance in the supply and demand of carbon credits – a challenge that could well continue into the second phase, according to one expert.
Read MoreINTERVIEW: Carbon intensity of renewable fuels increasingly factored into contracts
The carbon intensity of renewable fuels is being increasingly factored into contracts, with an expectation that the final price may be adjusted depending on the carbon intensity of the actual energy source delivered, according to a commodity software company.
Read MoreMalaysia targets net zero emissions from aviation by 2050
The Malaysian government has released a decarbonisation blueprint for its aviation sector, targeting net zero emissions by 2050, it announced Thursday.
Read MoreIBAC introduces carbon offset marketplace for aviation companies
The International Business Aviation Council (IBAC) has introduced a new platform for aviation companies to purchase offsets through a renewed partnership with a voluntary carbon exchange.
Read MoreVCM Report: Signs of life emerge but voluntary carbon market still yet to spark
Signs of life started to emerge in the voluntary carbon market last week, with brokers reporting an uptick in fresh offers and better buying appetite, although prices were little moved and liquidity remained thin.
Read MoreBiofuels need to be diverted and power ramped up to decarbonise EU aviation, says think tank
Diverting biofuel production from road transport to the aviation sector could help it reach its decarbonisation targets, while a massive ramp up of renewable and additional electricity production will be needed to meet the 2050 goals, according to a report by a German climate think tank.
Read MoreFEATURE: Lack of clarity on penalties casts doubt over efficacy of CORSIA carbon offsetting scheme
A lack of clarity on how the CORSIA penalty system will work, and the fact only a handful of countries have started transposing the UN’s international aviation offsetting scheme into their national laws, raises doubts over how the mechanism will be enforced.
Read MoreAerospace giant to acquire British-based climate tech startup targeting aviation emissions
A major US-based aerospace firm has agreed to acquire a British climate tech startup focussed on reducing the environmental impact of aviation.
Read MoreEU backs new rules for monitoring, reporting aviation emissions from low-carbon fuels, non-CO2 sources
EU member states on Friday approved an update to the bloc’s regulations that introduces zero-rating for emissions from a series of low-carbon aviation fuels and outlines new requirements for the MRV of non-CO2 emissions from airlines.
Read MoreSouth Korea to mandate SAF use for all international flights starting 2027
South Korea is seeking to impose a sustainable aviation fuel (SAF) blending mandate on all international flights departing the country, come 2027, the Ministry of Trade, Industry, and Energy (MOTIE) announced Friday.
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