Market-Based Measures for Emissions Reduction (including CORSIA)
The concern over man’s impact on the environment is now a major focus of public and political attention. Climate change is probably the most serious of these impacts and is the subject of much debate and action at the international level. This includes the development of various technical, legislative and economic measures to reduce global emissions. Market-based measures (MBMs) are part of this latter category and seek to provide an economic incentive for emissions reduction.
Like every other sphere of industry, the civil aviation sector faces calls to reduce its own emissions and thus its contribution to climate change. In parallel with development of the necessary technical and operational improvements, both regulators and industry have seen the adoption of MBMs as an effective complementary instrument. The EU has included aviation emissions in its Emissions Trading Scheme for some years and ICAO has recently agreed to introduce the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
This training course therefore seeks to give a simple introduction to the subject of MBMs for aviation emissions reduction, including the necessary level of technical and policy detail.
- Introduction to MBMs:
ï€ Relevant ICAO policy
- Types of MBM:
ï€ Voluntary agreements
ï€ Emissions trading
ï€ Carbon offsetting
ï€ ICAO policy development
- EU Emissions Trading Scheme (ETS):
ï€ Brief description of main scheme
ï€ Inclusion of aviation emissions
ï€ ICAO Resolution A39-3
ï€ Implementation phases
ï€ Scope of application incl. exemptions
ï€ Calculation of offsetting requirements
ï€ Monitoring, reporting and verification (MRV)
ï€ Emissions Unit Criteria (EUC)
ï€ Current status and next steps
On completion of the course, participants will have an understanding of the various types of MBM and the development of ICAO policy on their use to reduce aviation emissions. They will also understand the application of the EU Emissions Trading Scheme to aviation emissions. Finally, they will have knowledge of the CORSIA scheme and the reasons for its selection by ICAO as the preferred MBM for the reduction of international aviation emissions.
Who should take this course
The course is particularly relevant to those government or industry staff having responsibility for environmental management and/or sustainable development, the implementation of MBMs and the associated financial/accounting activity.
No previous knowledge of MBMs is required. The course is given in English and will include the opportunity for discussion on issues arising from the content – indeed this is encouraged. Participants should therefore have a good command of the English language and a basic knowledge of civil aviation.
An optional brief multiple-choice examination is available for interested participants who wish to test their knowledge gained as a result of the course.
One day, starting at 9:00 and ending at approximately 17:00.