Sustainability and carbon market news

IATA has launched the Supporting Alliance for CORSIA EEU Supply, a new coalition tasked with resolving a growing shortage of eligible carbon credits under the aviation sector’s international carbon compensation scheme. Aerial view of a busy...

The UK Civil Aviation Authority (CAA) has set out a new framework encouraging airlines, travel agents and flight comparison platforms to provide passengers with consistent greenhouse gas (GHG) emissions information at the point of booking. Under the...

The UK could soon require airlines to purchase carbon dioxide removal (CDR) credits under a binding compliance mechanism, according to a comprehensive review of the country’s greenhouse gas removal (GGR) policies. The independent review, led by...

The International Air Transport Association (IATA) has sharply revised its forecast for airlines’ carbon credit requirements under the current phase of CORSIA, the aviation sector’s global decarbonisation scheme. According to the updated outlook,...

The European Union could substantially increase resources for environmental initiatives by reforming how it prices aviation under the EU Emissions Trading System (EU ETS), according to new research commissioned by Carbon Market Watch and conducted...

The cost of carbon credits under the UN's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) could spike to as much as $60 per tonne of CO₂ equivalent (tCO₂e) during the current compliance phase, according to new analysis by...

Airlines could face a carbon credit bill of up to 150 million tonnes during the first phase of the aviation sector’s emissions offsetting scheme, according to the International Civil Aviation Organization (ICAO). The programme, known as CORSIA...

Verra has introduced its CORSIA Label Guidance, aimed at simplifying the process for aviation carbon credit compliance. This move follows a significant milestone in December 2024 when the United Nations International Civil Aviation Organization...

The International Civil Aviation Organization (ICAO) has detailed new eligibility criteria for carbon offset registries under its CORSIA programme, covering 2021–2026. Verra, Gold Standard (GS), Climate Action Reserve (CAR), and Global Carbon...

The aviation industry is bracing for a major shift as a predicted shortfall in CORSIA-eligible carbon credits threatens to drive prices as high as $50 per tonne of CO2, according to a new report by MSCI. Analysts estimate a supply gap of up to 40...

The International Civil Aviation Organization (ICAO) has granted eligibility to four additional carbon standards for its Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The newly approved programmes—Gold Standard, Verra,...

The International Carbon Registry (ICR) has announced significant updates to its carbon standards, aiming to better align with the Carbon Offsetting and Reduction Scheme for International Aviation’s (CORSIA) offset scheme and the International...

British Airways has committed over £9 million ($12 million) to carbon removal credits as part of its strategy to reach net-zero emissions by 2050. This move strengthens the airline’s position as the UK’s largest carbon removal purchaser, marking a...

Airlines are set to invest $600 million in carbon offset credits in 2024, according to the International Air Transport Association (IATA). This move aligns with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), a UN-led...

In 2016, the UN's International Civil Aviation Organisation (ICAO) introduced CORSIA, the first global offsetting scheme for the private sector, aimed at promoting low-carbon growth in aviation. The Carbon Offsetting and Reduction Scheme for...

Verra, a notable US-based nonprofit and voluntary carbon market (VCM) registry, has recently introduced version 4.7 of its Verified Carbon Standard (VCS) programme, enhancing the existing framework to improve the credibility and effectiveness of...

In a recent update, US carbon standard Verra outlined potential strategies to enhance its role in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) aviation decarbonisation scheme. During a presentation, Verra discussed...

The carbon credit market for the aviation industry witnessed a significant price surge, with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) futures doubling to $20 per tonne in just 48 hours. This dramatic increase is...

The aviation sector's journey towards sustainability marked a significant milestone at the Airline Economics Sustainable Aviation Fuel and Carbon Finance Day, a premier gathering for global aviation professionals. The event, spearheaded by the...