ICAO COUNCIL APPROVES DETAILED RULES ON GLOBAL AIR FUEL EMISSIONS SYSTEM
July 1st, 2018
THE COUNCIL of the International Civil Aviation Organisation (ICAO) has approved key rules of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), the global system for reducing aviation sector CO2 emissions. Member states agreed how CORSIA’s global market-based measures (GMBM) would work, with airlines reducing buying emission permits from trading systems or funding carbon offset projects that reduce CO2 emissions elsewhere. Such purchases will reflect the amount of carbon airlines emit into the atmosphere, encouraging them to reduce ...
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