- Home
- Companies
- Normec Verifavia
- Services
- Carbon Offsetting and Reduction Scheme ...
Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Services
CORSIA stands for the Carbon Offsetting and Reduction Scheme for International Aviation. It is a global program established by the International Civil Aviation Organization (ICAO) to address the carbon emissions from international aviation. CORSIA aims to achieve carbon-neutral growth in the aviation industry from 2020 onwards by requiring airlines to offset any increase in emissions above a certain baseline level through the purchase of carbon offsets. Normec Verifavia provides essential CORSIA verification services for aircraft operators, ensuring compliance with environmental regulations.
- Fulfill regulatory obligations: Comply with the European Union Emissions Trading System (EU ETS) requirements for monitoring, reporting, and verifying aviation emissions.
- Optimize allowance allocation: Obtain accurate and verified emissions data to support informed decision-making regarding allowance purchases or sales.
- Minimize compliance risks: Mitigate the risk of non-compliance penalties and reputational damage through independent verification.
- Demonstrate environmental responsibility: Contribute to the EU’s emission reduction targets by participating in the EU ETS and showcasing your commitment to sustainability.
Aviation contributes about 2.5% to 3% of global emissions, with international flights accounting for 1.3%.
Recognizing the urgency, ICAO set ambitious goals in 2010: a 2% annual improvement in fuel efficiency and achieving carbon-neutral growth from 2020. Unlike the EU ETS’s cap-and-trade approach, ICAO opted for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) to offset, not directly reduce, airline emissions.
CORSIA Explained:
- Carbon: Carbon credits will help to offset excess CO2 emissions.
- Offsetting and: Offsetting helps fund CO2 reduction projects.
- Reduction: ICAO aims for 50% CO2 reduction by 2050 from 2005 levels.
- Scheme for: CORSIA is a global offsetting scheme for International Aviation.
- International: Countries are actively participating Internationally in CORSIA.
- Aviation: 2% of global emissions, come from Aviation and International aviation represents 1.3%
ICAO has decided on a phase-in implementation to accommodate special circumstances and respective capabilities (SCRC) of contracting States. The scheme will be voluntary at the beginning, followed by participation of all States except the exempted States.
- Pilot phase (2021-2023)
- The first phase (2024-2026) applies to States that have volunteered to participate.
- The second phase (2027-2035) applies to all States except the exempted States unless they volunteer to participate.
The scheme uses “sectoral” and “individual” rates to calculate the growth of emissions.
The “sectoral rate” represents the international aviation sector’s global average growth factor of emissions in a given year, while the “individual rate” represents an individual operator’s growth factor of emissions in a given year.
The sectoral and individual rates will transition:
- from 100% sectoral rate to 0% individual rate (2021-2032)
- from 85% sectoral rate to 15% individual rate (2033-2035)