Friday, 03 February 2023
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Updated from the 41st Assembly of the International Civil Aviation Organization (ICAO): China has yet to participate in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) – the only existing global market-based measure (MBM) for addressing aviation emissions.
Besides other legal and economic-related factors, China’s concern about its ETS development status is one crucial element forming its hardline stance towards CORSIA.
The development speed of China ETS and ultimate economic impacts of CORSIA on Chinese aviation industries will likely determine the timeline for China’s future participation.
As a significant contributor to climate change, carbon emissions from the international aviation were estimated by...