ICAO ANOINTS NEW CARBON GLOBAL MARKET BASED MEASURE TO FIGHT CLIMATE CHANGE
October 1st, 2016
THE INTERNATIONAL Civil Aviation Organisation (ICAO) Assembly today (Oct 6) formally approved a Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), the first industry-focused global climate change system.
It aims to control carbon dioxide emissions from international aviation through global market-based measures (GMBM), 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 ...
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