Aviation opts for offsets to curb emissions

3rd November 2016


Related Topics

Related tags

  • Mitigation ,
  • Reporting ,
  • Carbon Trading ,
  • Business & Industry

Author

Andrew Wharton

A deal to halt the growth in carbon emissions from international flights has been agreed by the International Civil Aviation Organization (ICAO).

Under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), any increase above average baseline emissions in 2019 and 2020 will be offset.

Aviation contributes to around 2% of annual carbon emissions and, with levels of global air traffic forecast to rise by 5% a year, so-called ‘carbon neutral growth from 2020’ between 142 and 174 million tonnes of CO2 should be offset in 2025, and between 443 and 596 million tonnes in 2035.

The ICAO said offsetting could cost the industry up to $23.9bn or 1.4% of total revenues from international aviation in 2035, although the actual amount will depend on carbon prices.

Sixty-six countries, covering more than 86% of global aviation activity, have agreed to participate in CORSIA from the outset. It will begin with a pilot phase between 2021 and 2023, with the first phase starting in 2024. Both phases will be voluntary. Most countries will have to join phase two, from 2027 to 2035. Under the scheme, one emissions unit represents one tonne of carbon.

There are two main types of emissions units: offset credits from crediting mechanisms and allowances from emissions trading systems. Around 80% of the emissions above 2020 levels will be offset by CORSIA between 2021 and 2035.

Tim Alderslade, chief executive of the British Air Transport Association, the trade body for UK airlines, said the scheme would play a pivotal role in enabling UK aviation to meet its goal of achieving carbon-neutral growth from 2020, and halving net emissions by 2050.

Conservation group WWF welcomed the ICAO deal, but called for more action. ‘We are far from the finish line in curbing carbon pollution from international aviation. This is the starting block. It’s a foundation we must build on over time,’ said Lou Leonard, interim deputy leader for the NGO’s global climate and energy practice.

The European Commission also endorsed the agreement and said it would consider what changes the deal would require of the EU emissions trading system (ETS). Since the start of 2012 emissions from all flights from, to and within the European Economic Area (EEA) have been included in the ETS. Flights to and from non-European countries were exempted from the system to allow the ICAO to agree its own market-based approach to tackle aviation emissions.

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

SBTi clarifies that ‘no change has been made’ to its stance on offsetting

The Science Based Targets initiative (SBTi) has issued a statement clarifying that no changes have been made to its stance on offsetting scope 3 emissions following a backlash.

16th April 2024

Read more

While there is no silver bullet for tackling climate change and social injustice, there is one controversial solution: the abolition of the super-rich. Chris Seekings explains more

4th April 2024

Read more

One of the world’s most influential management thinkers, Andrew Winston sees many reasons for hope as pessimism looms large in sustainability. Huw Morris reports

4th April 2024

Read more

Alex Veitch from the British Chambers of Commerce and IEMA’s Ben Goodwin discuss with Chris Seekings how to unlock the potential of UK businesses

4th April 2024

Read more

Regulatory gaps between the EU and UK are beginning to appear, warns Neil Howe in this edition’s environmental legislation round-up

4th April 2024

Read more

Five of the latest books on the environment and sustainability

3rd April 2024

Read more

Ben Goodwin reflects on policy, practice and advocacy over the past year

2nd April 2024

Read more

In 2020, IEMA and the Institute and Faculty of Actuaries (IFoA) jointly wrote and published A User Guide to Climate-Related Financial Disclosures. This has now been updated to include three key developments in the field.

2nd April 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close