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What is Carbon Offsetting and Reduction Scheme for International Aviation mean?
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is a carbon offset and carbon reduction scheme to lower CO2 emissions for international flights, to curb the aviation impact on climate change.
Developed by the International Civil Aviation Organization (ICAO) and adopted in October 2016. Its goal is to have a carbon neutral growth from 2020.CORSIA uses Market-based environmental policy instruments to offset CO2 emissions: aircraft operators have to purchase carbon credits from the carbon market. Starting in 2021, the scheme is voluntary for all countries until 2027.
referencePosted on 03 Oct 2024, this text provides information on Miscellaneous in General related to General. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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