2018 has arrived and with it, a pressing need for airlines to prepare for CORSIA (the Carbon Offsetting and Reduction Scheme for International Aviation). From January 1, 2019, airlines from countries participating in the first phase of CORSIA need to monitor their CO2 emissions for international flights.
ICAO will be using the emissions data from 2019 and 2020 to set a sector average baseline. From 2021, airlines affected by the first phase of CORSIA will need to buy offsets for the total amount of CO2 emissions that are above the 2020 levels.
This really means that airlines need to be preparing for CORSIA now. Why? For these key reasons:
If you are still unclear on what CORSIA is and how it affects you, watch this short video.
CORSIA is the first ever sector-wide carbon offsetting program so we all want to get it right. Here is how Air Transport Action Group recommend you should prepare for CORSIA this year. We’ve turned it into a handy checklist.
As with any new regulation, CORSIA presents numerous challenges to airlines, not least because the details are still being finalized by policy makers. The main issue is how to forecast and calculate emissions correctly (there are five different methods) so that you understand what offsets need to be bought and can budget accordingly.
The good news is that we have spent the last year researching CORSIA and its complexities and developing a CORSIA-ready Emissions Module that can handle all of the different scenarios.
Download our CORSIA briefing sheet or watch our webinar, Get ready for CORSIA with FuelPlus.