Saudi Arabia and Gabon have indicated they will participate in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
CORSIA is a global market-based mechanism that will help airlines effectively cap net emissions at 2020 levels.
Saudi Arabia and Gabon’s participation brings the number of volunteering states to 70
It is the first scheme aimed at tackling climate change that will cover an entire industrial sector.
CORSIA starts from 1 January 2021—this is because airlines need to assess their emissions for the full 12 months of 2020, making 2021 the first year of compliance.
Saudi Arabia and Gabon’s participation brings the number of volunteering states to 70.
CORSIA is voluntary from 2021 until 2026, thereafter it will be mandatory for states meeting certain criteria related to their aviation activities.