India to join CORSIA by ICAO

• India recently announced that it will start participating in the International Civil Aviation Organisation’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the Long-Term Aspirational Goals (LTAG) from 2027.

About Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)

• It is a global market-based measure designed to offset international aviation CO2 emissions in order to stabilize the levels of such emissions.
• Offsetting of CO2 emissions will be achieved through the acquisition and cancellation of emissions units from the global carbon market by aeroplane operators.
• It does not apply to domestic aviation.
• CORSIA will mitigate around 2.5 billion tonnes of CO2 between 2021 and 2035, which is an annual average of 164 million tonnes of CO2.
• Under it, aircraft operators will begin monitoring their emissions from international flights and begin acquiring offsets for their emissions growth.

About Long-Term Aspirational Goals (LTAG)

• 41^st ICAO Assembly adopted LTAG for international aviation of net-zero carbon emissions by 2050 in support of UNFCCC Paris Agreement.
• LTAG does not attribute specific obligations or commitments in form of emissions reduction goals to individual states but each state will contribute within its own nation

About International Civil Aviation Organisation (ICAO)

• ICAO is an intergovernmental specialized agency associated with the United Nations (UN).
• Established in 1947 by the Convention on International Civil Aviation (1944) known as Chicago Convention.
• HQ: Montreal, Canada
• Functions:
  • Developing safe and efficient international air transport for peaceful purposes.
  • It sets standards and regulations necessary for aviation safety, security and facilitation, efficiency
  • Serves as a clearinghouse for cooperation and discussion on civil aviation issues among its 193 member states.
  • It also promotes regional and international agreements aimed at liberalizing aviation markets.

Related news

• International Air Transport Association (IATA) market analysis report says that India is fast emerging as a key global aviation market.

About International Air Transport Association (IATA)

• IATA is an international trade body founded in 1945 by a group of airlines.
• Currently, IATA represents some 300 airlines comprising 94% of the international scheduled air traffic.
• HQ: Montreal, Canada
• IATA supports many areas of aviation activity and helps formulate industry policy on critical aviation issues, including environmental concerns.