What is ICVCM’s relationship to CORSIA?

The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is a global market-based effort to mitigate greenhouse gas emissions from the international aviation sector. This scheme provides members of the International Civil Aviation Organization (ICAO) with a mechanism to offset growth in emissions from 2020 levels using carbon credits. 

CORSIA establishes guidelines for airline companies to monitor and offset emissions and is the result of a years-long collaborative process among ICAO nation states. While the ICVCM does not have a direct relationship to CORSIA, the ICVCM Assessment Framework builds on some of its principles to help ensure coherence across international carbon markets.