IATA overwhelmingly approves carbon offsetting scheme while promoting sustainable fuels

In South Korea, the International Air Transport Association’s AGM overwhelmingly approved a resolution calling on governments to continue important work for full implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) agreed through the UN’s International Civil Aviation Organization (ICAO).

CORSIA is the first global carbon pricing instrument for an industry sector. It will cap net CO2 emissions from international aviation at 2020 levels (carbon-neutral growth, or CNG).

The AGM also looked beyond CORSIA to the next commitment in the industry’s climate action strategy—cutting net emissions to half 2005 levels by 2050. The resolution urged airlines to implement all available fuel efficiency measures and to participate fully in a long-term switchover to sustainable aviation fuels.