The International Air Transport Association (IATA) – the global representative body for the airline industry – has highlighted that Madagascar, Zambia, Zimbabwe, the UK, and Guyana have signed the Aviation Carbon Market Compact and joined the Supporting Alliance for CORSIA Eligible Emissions Unit (EEU) Supply. (CORSIA is the abbreviation for the Carbon Offsetting and Reduction Scheme for International Aviation, which is an initiative of the intergovernmental International Civil Aviation Organisation.) Further, the International Emissions Trading Association (IETA), the Verified Carbon Market Collaborative, airframer Airbus and carbon-market data group Sylvera have also joined the Alliance and are supporting it technically and financially.
“The engagement of the governments of Guyana, Madagascar, the [UK], Zambia, and Zimbabwe, as well as the support provided by our partners from across the entire carbon market value chain, shows strong and shared commitment to strengthening the link between market demand and the policy frameworks,” pointed out IATA senior VP sustainability and chief economist Marie Owens Thomsen. “These frameworks remain critical to unlocking the full potential of CORSIA EEUs. The CORSIA Supporting Alliance demonstrates tremendous determination across the full spectrum of market participants to work together. We need to ensure that EEUs can be brought to market with the speed and scale required.”
