ANALYSIS: Global Carbon Markets Can More than Meet Civil Aviation Demand

Steve Zwick

Global airlines will soon be required to offset increases in emissions from international flights, and some people say there aren’t enough carbon offsets to meet the demand – especially in light of the COVID-19 outbreak. We crunched the numbers, and those people are wrong. Here’s why.

10 March 2020 | Global airlines are committed to delivering “carbon neutral growth” in flights between countries, even if international air traffic doubles or triples, as some are projecting. That commitment kicks in next year, and a key vehicle for meeting it is the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

Created through the UN’s International Civil Aviation Organization (ICAO), CORSIA will only deliver carbon-neutral growth if it recognizes a universe of offsets that’s large enough to meet variable demand but small enough to incentivize new activities that reduce emissions. A new analysis by Ecosystem Marketplace finds that current proposals do just that.

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Steve Zwick is Managing Editor of Ecosystem Marketplace and produces the Bionic Planet podcast. Before joining Ecosystem Marketplace, he covered European business for Time Magazine and Fortune Magazine and produced the award-winning program Money Talks on Deutsche Welle Radio in Bonn, Germany.

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Photo by Suhyeon Choi on Unsplash

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