The global climate deal reached in respect of aviation at the International Civil Aviation Organisation’s (ICAO) General Assembly in September and October 2016 has been hailed in the press as a historic first. The International Civil Aviation Organization Council took a step forward on the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), adopting a new agreement that lays the. Developments in ICAO (SARPs) and implementation of CORSIA by 3rd countries. Aviation: ICAO CORSIA update and latest EU ETS developments 1. ICAO CORSIA update and latest EU ETS developments Tilmann Morata Liebert Ismael Aznar Cano DG CLIMA, B.3. The European Commission welcomed the new scheme as “a decisive step”, but with the EU’s “Stop The Clock Regulation” (which suspends full application of its EU ETS scheme for aviation) due to expire on December 31, 2016, its full response is awaited by the aviation industry.Details of the GMBM will be set out by ICAO in the coming months and the GMBM is scheduled to enter into force from 2021.The scheme aims to offset any annual increase in total carbon emissions from international civil aviation above 2020 levels through the reduction of such emissions outside of the aviation industry.On OctoICAO’s General Assembly approved a global market-based measure (GMBM), which will limit and offset emissions from the aviation sector, to achieve the global aspirational goal of carbon-neutral growth from 2020 onwards.
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