Carbon targets for aviation
The International Air Transport Association (IATA) represents airlines at a global level. In 2009, IATA agreed to the world’s first set of sector specific climate change targets, focusing on aviation CO2 emissions.
Improvements in aviation technology, operations and infrastructure are going a long way to meet the first of these targets. But our industry also recognised early on that we need some form of global market-based measure (MBM) to help us progress in the medium term. After a huge amount of effort and negotiation, October 2016 saw a crucial climate agreement reached for global aviation. The measure, known as the Carbon Offset and Reduction Scheme for International Aviation (CORSIA), will establish the world’s first carbon offsetting scheme for any industry.
In 2008, Virgin Atlantic Airways was one of the airline founders of a small industry group called Aviation Global Deal, which campaigned for a global carbon measure such as this. Naturally, we were delighted at this result and we’ll continue to support this important mechanism, which is set to raise billions of dollars for high quality carbon reduction projects around the world.