About the EEU Volume Event
Airlines will have the opportunity to purchase CORSIA Phase 1 eligible credits from the Guyana Jurisdictional REDD Program issued under the ART TREES Standard and supplied by Mercuria.
Airlines will be able to anonymously express their interest in the credits on the ACE platform. The purchase of the credits will be settled via the platform at the end of the event, with the option of using the IATA Clearing House or a Bank of America FBO (For Benefit Of) account set up in the airline’s name for the payment. Mercuria will also be able to provide transaction options for forward and multi-year purchases.
About CORSIA
CORSIA is the only global market-based measure scheme to address CO2 emissions from international aviation. CORSIA is implemented in three phases, with an initial voluntary period (2021-2026) followed by a mandatory phase starting in 2027 for most countries. The scheme also requires airlines to monitor, report, and verify their emissions to ensure transparency.
For more information on CORSIA, please refer to IATA’s CORSIA Handbook.
Featured image credited to Mary Kirby
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Publish date : 2024-09-26 06:11:00
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