UN aviation agency weighs restrictions on carbon credits under fire by climate activists

(Reuters, 4 Mar 2020) New CORSIA scheme could curb airline industry funding for older carbon-offsetting projects whose environmental benefits have been disputed by climate activists

The United Nations is weighing restrictions for a scheme designed to help airlines offset their carbon emissions, curbing industry funding for older projects whose environmental benefits have been disputed by climate activists.

The move, if approved, would be a blow to operators of older projects in countries including Brazil and India who had hoped a global push by airlines to offset emissions would mop up a glut of carbon credits awarded under earlier climate initiatives.

The International Civil Aviation Organization's (ICAO) 36-member council, now gathering in Montreal, is due to decide which projects will be eligible under the program for airlines, known as Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

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Reuters, 4 Mar 2020: UN aviation agency weighs restrictions on carbon credits under fire by climate activists