CORSIAnottoreplaceEUcarbonmarket-GlobalTimes

load_file(“/includes-n/article_top.html”);load_file(“/includes-n/float_share.html”);WORLD / EUROPECORSIA not to replace EU carbon marketBy ReutersPublished: May 12, 2020 06:33 PMload_file(“/includes-n/article_share.html”);The UN aviation agencys planned scheme for offsetting emissions from international flights will supplement, not replace, the European Union carbon market, the EUs transport commissioner said on Monday.Delegates shake hands after the closing plenary session of the UN Climate Change Conference COP25 in Madrid, Spain on December 15, 2019. Photo: AFPWith the United Nations planning a 2021 launch of CORSIA, its global scheme to help airlines offset their carbon emissions, some EU lawmakers and environmental groups want assurances that the European Commission will not remove aviation from the EU Emissions Trading System (ETS).”CORSIA will not put the ETS at stake. It will not replace the ETS. It will complement the ETS,” Transport Commissioner Adina Valean told lawmakers on Monday.Flights between European countries are currently covered by the EU carbon market, which requires airlines to buy permits to cover some emissions from these trips.The UN aviation agency ICAO wants the EU to remove these flights from its carbon market so that CORSIA can be the only market-based measure tackling international aviation emissions.The Commission, the 27-nation EUs executive, has yet to lay out how the two systems will coexist. Valean said the Commission would assess the best way for countries to comply with both “EU and international obligations.”CORSIA plans to use a system of “offsetting” to cap emissions from international flights at 2020 levels. From 2021, airlines would have to buy carbon offset credits to cover any emissions above the 2020 baseline.Critics say this would allow aviation emissions to keep rising, if airlines bought enough offset credits to cover the increase.”As an offsetting scheme with a very weak target, the global aviation carbon market will not provide the price signal needed for airlines to clean up their act,” said Gilles Dufrasne, policy officer at Carbon Market Watch. But Valean said the UN scheme is “the only realistic option” to tackle emissions from international aviation – including from flights between EU and non-EU countries that are not covered by the blocs carbon market. Without EU support, CORSIA could “fall to pieces,” she added.”If the EU were to walk away from CORSIA, this would provide a pretext for some major global players to bury CORSIA, do nothing to reduce international emissions and set back international negotiations within ICAO by many years.”Countries participation in CORSIA is voluntary until 2027, when it becomes mandatory. Valean also said that implementing the Corsia scheme will not stop the EU from pressing ahead with plans to review its carbon market in 2021. load_file(“/includes-n/article_share.html”);RELATED ARTICLES Climate change worsening humidityThe number of people worldwide struggling with extreme heat and humidity by the end of the century could … Climate change could intensify conflictClimate change could become a “catastrophic” threat to global security, as people lose their livelihoods, fall ill and … Permafrost collapse speeds climate changePermafrost in Canada, Alaska and Siberia is abruptly crumbling in ways that could release large stores of greenhouse …load_file(“/includes-n/article_most_view.html”);var wxs = (function() {return navigator.userAgent.toLowerCase().indexOf(micromessenger) !== -1})();if (!wxs) {/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var disqus_shortname = globaltimes; // required: replace example with your forum shortnamevar disqus_identifier = 1188145;/* * * DONT EDIT BELOW THIS LINE * * */(function () {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = https:// + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();}Please enable JavaScript to view the comments powered by Disqus.blog comments powered by Disquswindow._taboola = window._taboola || [];_taboola.push({mode: thumbnails-a,container: taboola-below-article,placement: below article,target_type: mix});load_file(“/includes-n/footer.html”);load_file(“/includes-n/addthis.html”);

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