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POWER: Guildlines Unclear Regarding Airline Carbon Offset Scheme: Trafigura

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Trafigura has stated that confusion is arising due to unclear guidelines for airline carbon credit purchases needed to meet their emissions commitments under the global offsetting scheme Corsia, it said, cited by Bloomberg.

  • “Lack of clarity around how requirements interact with existing carbon markets in Europe means heightened regulatory risk,” Sustainability manager at International Airlines Group, Michael Evan said.
  • Corsia is a UN initiative requiring airlines to monitor and report their emissions while buying carbon credits to offset them.

  • The first phase is voluntary for states but will become mandatory from 2027.

     

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Trafigura has stated that confusion is arising due to unclear guidelines for airline carbon credit purchases needed to meet their emissions commitments under the global offsetting scheme Corsia, it said, cited by Bloomberg.

  • “Lack of clarity around how requirements interact with existing carbon markets in Europe means heightened regulatory risk,” Sustainability manager at International Airlines Group, Michael Evan said.
  • Corsia is a UN initiative requiring airlines to monitor and report their emissions while buying carbon credits to offset them.

  • The first phase is voluntary for states but will become mandatory from 2027.