CORSIA, the global market-based measure approved by the International Civil Aviation Organisation (ICAO) in October 2016 to address the sector’s CO2 emissions, has major shortcomings in terms of governance structure and transparency which could compromise implementation of the Paris climate agreement, warned the NGO Carbon Market Watch on Tuesday 14 November in Bonn where COP 23 is taking place (6-17 November).
The warning came only a few days after the European Parliament approved the...