Climate 411

CORSIA: Industry-sought rule change threatens aviation climate program

Silhouette of Airplane during Sunset.

The coronavirus pandemic has created a global health and economic crisis that has affected families all over the world and nearly all industries, with aviation taking a particularly steep toll.

Airlines may feel under pressure to save money at any cost, but hastily rewriting the fundamental structure of the industry’s flagship market-based program to address airline carbon emissions would be penny-wise and future-foolish.

In a new analysis by Environmental Defense Fund, we look at the implications of a rule rewrite sought by the International Air Transport Association (IATA) to the Carbon Offsetting and Reduction Scheme for International Aviation, or CORSIA.

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Posted in Aviation, Carbon Markets, International, United Nations / Comments are closed

Three opportunities for the UN’s aviation agency to deliver climate action

Photo by Mika Baumeister on Unsplash

As International Civil Aviation Organization’s (ICAO) 40th General Assembly kicks off this week in Montreal, aviation faces an existential challenge: the need to zero out its climate impact. Greta Thunberg, whose refusal to fly symbolizes the question every child of her generation will face, leads a climate strike on this Friday, that will march right to ICAO’s gates. Will their demands move the delegates representing 193 countries meeting inside?

Here are three opportunities the Assembly can take to back up their climate commitments with real action.

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Posted in Aviation / Comments are closed

Could aviation loopholes swallow climate progress?

Letting CDM credits into the aviation climate agreement could cut CORSIA’s effective participation from about three quarters down to less than 20 percent, negating its climate impact.

Airplane taking off from San Francisco. Flickr/ dsleeter_2000

As bleary-eyed negotiators at the UN Framework Convention on Climate Change Conference of the Parties (COP) in Katowice, Poland, struggle through late nights of haggling over rules for implementing the 2015 Paris Agreement, one challenge they face is how to energize a global competitive market for cutting climate pollution, while ensuring the integrity of that market.

Technical talks in the far recesses of the giant conference center are focused on two key issues: carbon credit quality, and accurate book-keeping.

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Posted in Aviation, Carbon Markets, News, Paris Agreement, United Nations / Read 2 Responses

What's Really Going On in the European Carbon Market

The author of today’s article, Annie Petsonk, is International Counsel at Environmental Defense.

When European countries ratified the Kyoto Protocol, they pledged to reduce their greenhouse gas emissions. To prepare, they designed the European Union Emissions Trading Scheme (EU-ETS), now the world’s largest greenhouse gas cap-and-trade system.

Since the launch of the EU-ETS in January 2005, allowance prices have been volatile and are currently hovering around zero.

Click on graph to enlarge.

Many people point to these figures and proclaim the EU-ETS a failure. Here’s why they’re wrong.

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Posted in International / Read 3 Responses

With G8 Climate Agreement, Congress Must Act

Today’s guest blogger, Annie Petsonk, is International Counsel at Environmental Defense.

The Group of Eight (G8) is an international forum of eight industrialized countries representing the lion’s share of the world’s economy. High on this year’s agenda is global warming, with European countries calling for a mandatory 50 percent cut in global greenhouse gas emissions by 2050.

Recognizing that America must take the lead, the U.S. Climate Action Partnership (USCAP) has gone even further. This group of 27 leading U.S. companies and environmental groups has urged Congress to enact legislation [PDF] mandating that the U.S. cut emissions by 60 to 80 percent by 2050.

Today the G8 Summit reached an agreement.

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Posted in International / Comments are closed