Airlines set to receive first carbon offsetting requirements under ICAO’s global climate agreement
Source: ICAO Governments will soon inform airlines of their first ever requirements under the International Civil Aviation Organization's (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), following ICAO's publication of a new calculation announced today. Carbon neutral growth is the primary objective of CORSIA and as of today, it is resulting in specific, actionable obligations for airlines. ICAO has calculated the growth of international aviation for 2024, enabling governments to determine the amount of CO₂ that each airline needs to offset to ensure that this growth is carbon neutral. This is done in compliance with the relevant requirements of the 1944 Convention on International Civil Aviation (the Convention). Transparency is central to the CORSIA approach. In accordance with [...]