The Government Resolution on the implementation and operation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA in Moldova) has been adopted.
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), introduced by the International Civil Aviation Organization (ICAO) in 2016, aims to achieve carbon-neutral growth in the sector starting from 2020.
CORSIA is the first mandatory carbon pricing scheme for a specific industry. It operates in phases, with the pilot phase ending in 2023 and the first phase beginning in 2024. While the pilot and first phases were voluntary for governments (ICAO member states), airlines operating on routes between participating states had to comply with the requirements. Compliance becomes mandatory for all flights in the second phase starting from 2027. In 2032, a review of CORSIA will be conducted to determine the scheme’s future development.
Airlines can achieve carbon-neutral growth through a combination of the following strategies:
- Efficiency improvements: This includes measures such as developing more fuel-efficient aircraft and optimizing operations to reduce fuel consumption.
- Sustainable aviation fuel: Replacing traditional aviation fuel with sustainable alternatives derived from renewable sources.
- Carbon offsetting: Airlines can purchase carbon credits that meet CORSIA requirements to offset their emissions.
ICAO, with recommendations from the Technical Advisory Body (TAB), determines which carbon credits meet CORSIA’s requirements. CORSIA aligns with the emission reduction goals of the Paris Agreement. Therefore, adjustments are made to the use of carbon credits within CORSIA, based on their country of origin.
Conclusion
CORSIA in Moldova presents both challenges and opportunities for airlines. The need to invest in efficiency improvements and sustainable fuel will require adaptation. However, the system also creates a market for carbon credits, offering new revenue sources for businesses involved in carbon reduction projects.
