Without two-pronged offset limit, airlines’ CORSIA scheme risks having no climate benefit -researchers
Governments this month risk adopting CORSIA international aviation offsetting scheme rules that have no climate benefit unless they impose both vintage and vulnerability limits on the eligible carbon credits, researchers said on Monday.
Read MoreCOP24: Negotiators risk Paris Agreement integrity in effort to clinch Article 6 market deal
A new global carbon market mechanism under the Paris Agreement’s Article 6 risks undermining the landmark climate treaty if negotiators fail to remove a provision in the draft text, observers said Friday.
Read MoreCOP24: ICAO dodges CORSIA offset decisions as EU aims to keep options open
UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.
Read MoreMayday: Weak ambition, Chinese backtracking threaten future of CORSIA global aviation offset scheme
Fears are mounting that ICAO’s international aviation offsetting mechanism could collapse well before its 2021 start as China backtracks and other nations resist, while the scheme’s rules get severely weakened or delayed by infighting.
Read MoreAirport GHG initiative to review offsetting guidance ahead of CORSIA rule-setting
An airport association is reviewing its guidance on its voluntary offsetting standards in what may prove to be a key forerunner of rules to be decided under the far bigger CORSIA airline carbon market.
Read MoreNations rebuff ICAO plan to set aviation biofuel goals on sustainability concerns
Governments have rejected a move by UN aviation agency ICAO to set non-binding goals for biofuel use by planes starting in 2025, with some arguing that there must first be agreement on what fuels are sustainable.
Read MoreCORSIA countdown triggers blame game on ‘junk’ carbon offsets
An expectation of vague guidance from UN agency ICAO on CORSIA’s eligible carbon credits has triggered heated debate over whether the rules will leave airlines vulnerable to buying ‘junk’ units lacking environmental integrity.
Read MoreAirlines, developers split on fate of passenger offset schemes in wake of CORSIA
Airlines are divided as to whether the voluntary programmes they run to encourage passengers to offset their carbon footprint will dwindle or flourish as the international CORSIA compliance market takes shape.
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