ANALYSIS: Virus fallout means 2020 a write-off for airlines’ CORSIA offset purchases
The bottom fell out of the CORSIA international aviation offset market almost as soon as it began with the coronavirus fallout grounding airlines worldwide, yielding slim prospects for even limited test buying this year.
Read MoreUS airline Delta sets out $1 bn CO2 neutrality goal that minimises offsets use
US-based Delta Air Lines announced Friday that it will invest $1 billion to achieve carbon neutrality from its global business starting in March, but said it would limit its reliance on offsets in the long-run.
Read MoreAirlines seek out cheaper offsets even before CORSIA costs hit
Most airlines already seek out bargain basement carbon credits for their passenger offset programmes and are likely to be even less picky once CORSIA obligations start, a conference heard on Tuesday.
Read MoreAs CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines
Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.
Read MoreMore than 260 installations, airlines in non-compliance with EU ETS for 2017, data shows
More than 260 installations and airlines operating under the EU ETS, or just over 2% of the total covered, were listed as being in non-compliance with the scheme for 2017, data published by the European Commission on Wednesday showed.
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.
Read MoreDelta Air Lines prepares for CORSIA compliance as worries emerge over scheme
With the rules dictating what types of offsets can be used under the UN’s aviation carbon market still unclear, Delta Air Lines – one of the world’s top three carriers – is hoping that credits it bought to offset growth after 2012 can be used to inform the company’s new compliance obligations from 2021.
Read MoreAirlines’ voluntary offset schemes expected to fade away in wake of CORSIA
Voluntary programmes run by airlines to encourage passengers to offset their carbon footprint are likely to dwindle as ICAO’s carbon market takes shape, according to industry officials.
Read MoreDemand for cheap offsets by major companies ‘undermines’ climate integrity of voluntary carbon market -report
Demand for low-quality offsets by major companies is undermining efforts to boost climate integrity in the voluntary carbon market (VCM), according to new research.
Read MoreUnilever investigated over greenwashing claims by UK watchdog
Unilever, one of the world’s largest consumer good companies, is being investigated for greenwashing by the UK’s competition watchdog amid a crackdown on corporates making bogus climate friendly claims.
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