IATA hails historic ICAO carbon accord | mb.com.ph | Philippine News
Home  » Business » Shipping » IATA hails historic ICAO carbon accord

IATA hails historic ICAO carbon accord

The International Air Transport Association (IATA) hailed the historic agreement for a market-based measure to support airlines’ efforts to stabilize emissions with carbon neutral growth under the leadership of the International Civil Aviation Organization (ICAO), have achieved.

The agreement was reached by 191 member states attending the 39th ICAO Assembly which concluded the other day (October 6, 2016) in Montreal, Canada.

They all agreed to implement a Carbon Offset and Reduction Scheme for International Aviation (CORSIA).

IATA - ICAO logo

IATA – ICAO logo

“CORSIA was the first global scheme covering an entire industrial sector,” Alexandre de Juniac, IATA Director General and CEO, pointed out.

“It has turned years of preparation into an effective solution for airlines to manage their carbon footprint. Aviation is a catalytic driver of social development and economic prosperity. With CORSIA, aviation remains at the forefront of industries in combatting climate change.”

CORSIA starts with a voluntary period (2021-2026) after which it will become mandatory.

“The commitment of states in the voluntary period is impressive,” he noted. “Even states that would normally not be required to participate — small island nations and developing economies — have signed up. The list of states volunteering for the first phase now numbers 65. CORSIA, we estimate, will cover more than 80% of growth post 2020.”

By itself, CORSIA will not lead to a sustainable future for aviation. However, along with this global market-based measure, the industry will continue to drive its four-pillar strategy on climate change, comprising improvements in technology, operations and infrastructure, complemented by CORSIA.

“The agreement shows what can be accomplished when we work together,” De Juniac explained. “The aviation industry understands that sustainability is critical. Airlines will continue to invest in new technology — particularly new aircraft and sustainable alternative fuels — to improve their environmental performance. And we will continue to ask governments to do their part.”

To ensure that CORSIA is fair and without market distortions, the scheme will include provisions to deal with special circumstances such as those of fast-growing airlines and airlines which have made significant investments to improve environmental performance.