IATA announced a further step in its program to help airlines with their environmental obligations, welcoming Qatar Airways as the first airline to make a trade using the IATA Clearing House (ICH) on the Aviation Carbon Exchange (ACE), a platform for trading carbon credits powered by Xpansiv market CBL.

The ACE is a platform that serves as a centralized marketplace for emission units eligible for the carbon offset and reduction scheme for international aviation (CORSIA) so airlines can meet their mandatory and voluntary offset commitments. Since it was launched in November 2019, the ACE has provided airlines with a secure access to real-time carbon offset data, with full price transparency.  We’ve now completed the technical integration of the ICH settlement functionality with the ACE which is a significant milestone to make financial carbon offset transactions seamless, safe and timely for years to come.