Why Trump won't kill CORSIA: the aviation offset deal that does almost nothing
transportenvironment.orgThe EU is deciding whether to extend its carbon market to cover all flights departing from Europe. The current global offset scheme CORSIA has been criticized as a fig leaf that prevents real action on aviation emissions. The article argues that CORSIA survives because it asks little of airlines and the US, while the EU has a chance to raise billions by including long haul flights in its ETS. Europe imports over 95% of its jet fuel, and the Middle East crisis has shown how fossil fuel dependency drives ticket prices far more than carbon pricing. The EU's decision on July 17 could shift billions in revenue from airlines to climate action, but only if it stops accepting CORSIA as a substitute for real carbon pricing on aviation.
