On 29-30 June 2017, IETA International Director Sophy Greenhalgh and a number of IETA / ICROA members recently attended a Climate Technology Initiative workshop hosted by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB).
The workshop held insightful discussions on climate action in international aviation and ICAO’s new global market-based measure CORSIA. Presentations and panel discussions on interactions between the Paris Agreement and CORSIA as well as other regional climate policies were held over the two days.
The workshop brought together a number of experts to provide analysis of the general requirements for CORSIA, ranging from monitoring, reporting and verification and considerations of the eligibility criteria proposed, through to the interaction between CORSIA and the Paris Agreement and the European Union’s emission trading system. The workshop also presented various scenarios on the potential implications of CORSIA for the global supply and demand of carbon credits and the expected requirements of capacity building.
An overview of the science behind climate mitigation in the aviation sector was provided by the German Aerospace Centre presenting new research to demonstrate that roughly 5% of anthropogenic warming is caused by aviation, including both direct greenhouse gas emissions and indirect climate effects.
Sophy Greenhalgh gave a presentation, introducing the International Carbon Reduction and Offset Alliance and the role it plays in the voluntary markets, elaborating on ICROA endorsed voluntary credit mechanisms for CORSIA and the role aviation can play by inclusion of REDD+ into CORSIA.
The Verified Carbon Standard presented on the innovative role that voluntary markets have made over the years offering new project types which will be important as nationally determined contribution policy gains more coverage of country emissions. First Climate talked of supply demand dynamics of current voluntary markets, noting there is limited supply of various project types.
The workshop concluded that in order to project post-2020 carbon market developments, it is essential to understand how the Paris Agreement and other regional climate policies will interact with CORSIA and shape these markets in the future.