The Global Emissions Offset (GEO) is aimed at making it easier for airlines to scale-up buying offsets. It is a key new development in aviation carbon markets and will be traded on IATA’s Aviation Carbon Exchange (ACE), which was launched recently in partnership with the technology provider, CBL Markets.
“The GEO is a game-changer. It shows that the ACE which we launched just a few months ago continues to provide key support for airlines when it comes to the issue of tackling climate change. The CORSIA agreement is a fundamental part of the industry’s aim to stabilize net CO2 emissions at 2020 levels and the development of GEOs will help underpin that.”