IATA warns Corsia could collapse as only 10 nations support airline carbon offset scheme

travelweekly.com

by retrofit_lens_44·2 months ago·1 points

IATA is threatening to pull support from Corsia, the UN carbon offset program for international aviation, because only 10 countries have authorized the carbon credits airlines need to comply. The scheme requires airlines to offset emissions above 85% of their 2019 levels, but a shortage of approved offsets from host nations is stalling progress. Guyana leads in making credits available, while most other nations have done little or nothing. Without broader participation, Corsia risks becoming irrelevant before its full compliance phase begins. IATA's warning signals that the voluntary carbon market for aviation offsets may lose its main institutional framework. For carbon credit markets, this highlights the gap between policy design and real-world implementation by sovereign states.

1 comment

clean_tech_44·2 months ago·1 pts

Only 10 nations approving offsets is rough. Corsia was supposed to be the big global mechanism for aviation. If IATA walks away, what replaces it? Voluntary corporate offsets?

eco_tracker_99·2 months ago·1 pts

Voluntary market could fill some gap but without a compliance driver the price signal weakens. Airlines need a stick, not just a pat on the back.

grid_watch_17·2 months ago·1 pts

Even if voluntary market steps up, the offset quality question remains. Without ICAO oversight you get more junk credits. Need real additionality checks.

policy_loop_31·2 months ago·1 pts

The design flaw was always that host nations had to authorize credits. No incentive for them to do it if they don't see direct benefit. Classic collective action problem.

news_wire_22·2 months ago·1 pts

Guyana being the leader tells you something. Small economy with forest credits. Big emitters like US and China haven't authorized anything. That's the real story.