Abstract
Abstract The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) entered its First Phase on 1 January 2024. Aircraft operators are required to offset their emissions for the first time in this Phase to mitigate their climate impact. This note chronologises its major developmental trajectory leading up to this Phase. Furthermore, developments of climate initiatives at the regional level are related to CORSIA. It is noteworthy to see CORSIA from a European Union (EU) perspective because of the recent amendment to the EU Emissions Trading System (EU ETS). The European Commission has set a ‘deadline’ to review the effectiveness of CORSIA and made efforts to establish the EU ‘world premiere’ in the monitoring, reporting, and verification (MRV) of aviation non-CO2 emissions. This indicates a broader scope of the EU ETS than that of CORSIA. With the deadline and regional developments, CORSIA is approaching a juncture for the potential design changes from its sole focus on CO2 emissions to include non-CO2 emissions.
Published Version
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