Professional Documents
Culture Documents
December 2017
The context
On August 23, 2017, 72 States, representing more than 87% of the aviation activity have
committed to participate voluntarily in the MBM of aviation in the form of an international
agreement, the Carbon Offsetting and Reduction Scheme International Aviation
(CORSIA).
1
The main principles of the CORSIA market
• Carbon offsetting is the process through which a company or organization offsets its emissions of CO2 by buying credits
in the carbon market.
• These carbon credits are generated by setting up projects to reduce greenhouse gas emissions, in different parts of
the planet and especially in developing countries.
• The international agreement CORSIA is the device through which ICAO aims to offset the growth of its emissions from
2020, based on that same year.
• Included in CORSIA are international flights, operating between the voluntary countries of the agreement in a first
stage (2021-2026) and all countries in a second mandatory phase (2027-2035).
• Small Island Developing States, Least Developed Countries developed countries, landlocked developing countries,
and countries whose air traffic represents less than 0.5% will be exempt from these obligations but may decide to
participate voluntarily.
87.7 %
of international
aviation activity is
covered by the
agreement
80 %
of post-2020 growth
in GHG emissions is
covered by the
agreement
• Estimate its CO2 emissions based on the fuel consumption achieved on the air routes included in the scope of CORSIA
for a given year;
2. ICAO will collect all the emission data and estimate the growth in emissions for a given year compared to the baseline
year 2020 (the growth factor).
3. By using the growth factor (%) each operator will be able to calculate the amount of CO2 emissions to be offset:
4. The operator will then have to purchase carbon credits equivalent to the volume of annual emissions to be offset.
Each carbon credit corresponds to one tonne of CO2 equivalent (tCO2) reduced by an offsetting project.
Implementation steps
The timelines
72 States, representing more than
• In order to implement CORSIA from 2021, ICAO 2017 87.7% of the international
aviation activity, commit volunta-
is developing rules and procedures to define:
rily in the form of an international
agreement: CORSIA
- a monitoring, reporting and verification (MRV) 2018
system;
- the criteria to be met by carbon credits that
can be purchased by operators; 2019 Set reference
- the credit registries. scenario: Monitoring,
Reporting &
Verification
• These rules will ensure the environmental integrity
of the system by ensuring the quality and origin of 2020
the carbon credits exchanged.
Phase pilot
from 2021. 2022
• From 2022, the agreement will be reviewed Operators using the air
Voluntary phase
routes between the
every 3 years. voluntary states will
2023 have to offset their
What is next?
CO2 emissions based
on the average
increase in emissions
The implementation CORSIA is imminent. Air 2024 from the aviation
sector.
operators must therefore prepare now to
Phase one
integrate these new mechanisms. From 2018 the
main activities for airlines will be to: 2025
2030
Evolution of CO2
offsetting obligations
to absorb up to 20% of
2031 individual growth of
operators
2032
2033
Evolution of CO2
offsetting obligations
to absorb up to 70% of
2034 individual growth of
operators
2035
3
We can help you...
• Measure your organisational carbon footprint.
• Report your emissions to third-party organisations.
• Reduce your carbon footprint.
• Offset your emissions.
• Achieve carbon neutrality.
Our experiance
We have extensive experience in the voluntary carbon market, we actively participate in discussions and ongoing
work on the functioning of CORSIA. In particular, we took part in the Global Sustainable Aviation Summit - as well as in
the 17th annual IEA-IETA-EPRI workshop on carbon markets.
Contact
Carbon Clear EcoAct EcoAct USA
enquiries@carbon-clear.com contact@eco-act.com ecoactUSA@eco-act.com
+ 44 (0) 20 3589 9444 + 33 (0) 1 83 64 08 70 +1 646 757 8174