Sign In
Learn bits
Ecology & Environment
Komal gupta

13/12/21 14:15 PM IST

Source: PIB

Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)

In News

ICAO decided to implement a Global Market Based Measure (GMBM) scheme in the form of Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) to address CO2 emissions from international civil aviation.

About the scheme

  • The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is a global market-based measure designed to offset international aviation CO2 emissions in order to stabilize the levels of such emissions.
  • The offsetting of CO2 emissions will be achieved through the acquisition and cancellation of emissions units from the global carbon market by airplane operators.
  • CORSIA does not apply to domestic aviation. Under it, aircraft operators will begin monitoring their emissions from international flights and begin acquiring offsets for their emissions growth.

More Related Current Affairs View All

20 Feb

The Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999

'Investors who were defrauded in the Torres Ponzi scam may receive about Rs 40 crore over the next six months.' The Mumbai Police’s Economic Offences Wing (EOW) has begun

Read More

18 Feb

Aravali safari park project

'The Haryana government’s ambitious 3,858 hectare Aravali safari park project spread across Gurugram and Nuh — which was one of the poll promises of the ruling Bharatiy

Read More

17 Feb

President’s rule function

'Recently,  four days after Manipur Chief Minister N. Biren Singh’s resignation, the Union government announced that President’s rule has been implemented in the v

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps