IATA and Industry Partners Urge Governments to Expedite Release of CORSIA Eligible Emissions Units
Source: IATA The International Air Transport Association (IATA), together with carbon market stakeholders, is calling on governments worldwide to urgently address the extremely limited supply of carbon credits available for airlines to fulfill their obligations under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Specifically, the signatories call on governments to issue Letters of Authorization (LoAs) which enable the release of CORSIA Eligible Emissions Units (EEUs) for purchase by airlines. The timely issuance of LoAs is key to: Creating a robust and transparent market for CORSIA EEUs, Facilitating the successful implementation of CORSIA, Safeguarding the environmental integrity of international aviation’s climate commitments. “CORSIA is a vital part of aviation’s global climate strategy. Through it, airlines mitigate their [...]