IATA to launch industry’s first CO2 emissions exchange
IATA will launch the industry’s first carbon exchange, an effort to limit emissions amid pressure to fight climate change. IATA formed a partnership with Xpansiv CBL Holding Group to develop the Aviation Carbon Exchange. A pilot phase for offsetting voluntary credits will begin this quarter. The commercial aviation industry accounts for 2% of the world’s greenhouse emissions and has gained some “flight shame” notoriety. The ICAO adopted a carbon offsetting and reduction scheme in 2016 to cap industry emissions at 2020 levels. The new exchange is meant to serve as a centralised market for airlines to meet what will become mandatory targets starting in 2027. Airlines can cap their emissions by changing the shape of wing tips, burning renewable fuel or buying offsets. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-31/general/iata-to-launch-industry2019s-first-co2-emissions-exchange
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IATA to launch industry’s first CO2 emissions exchange
IATA will launch the industry’s first carbon exchange, an effort to limit emissions amid pressure to fight climate change. IATA formed a partnership with Xpansiv CBL Holding Group to develop the Aviation Carbon Exchange. A pilot phase for offsetting voluntary credits will begin this quarter. The commercial aviation industry accounts for 2% of the world’s greenhouse emissions and has gained some “flight shame” notoriety. The ICAO adopted a carbon offsetting and reduction scheme in 2016 to cap industry emissions at 2020 levels. The new exchange is meant to serve as a centralised market for airlines to meet what will become mandatory targets starting in 2027. Airlines can cap their emissions by changing the shape of wing tips, burning renewable fuel or buying offsets. <br/>
