As the aviation industry navigates the first year of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Phase 1 (2024–2026), this week’s approvals of additional carbon crediting standards have influenced the market landscape, introducing both opportunities and complexities.
As we ring in the new year, the aviation industry is transitioning from CORSIA’s pilot phase to CORSIA phase 1. To grasp its significance, it's crucial to understand CORSIA's role and objectives.