Open letter by carbon market stakeholders on the CORSIA impacts of COVID-19

A group of carbon market stakeholders argues against a proposal by the International Air Transport Association (IATA) to change the CORSIA baseline to 2019-only levels. The authors contend that such a change would eliminate offsetting requirements for several years, undermining the scheme's integrity and discouraging the long-term investments necessary to address the climate crisis.

• The International Air Transport Association (IATA) requested that the ICAO Council change the CORSIA baseline from the average of 2019 and 2020 emissions to a 2019-only level. This modification would likely remove all offsetting requirements for the pilot phase and potentially several years following, effectively delaying the start of CORSIA by three to five years.
• Changing the baseline rules would damage the credibility and stability of CORSIA, as a predictable process is essential for a successful carbon market. A lack of consistency in applying rules would reduce investor confidence in the near-term and long-term investments required to meet environmental goals, thereby exacerbating the climate crisis.
• The authors suggest that the current challenges facing the aviation industry can be managed using existing CORSIA mechanisms, such as triennial reviews and special flexibility during the pilot phase, rather than through ad hoc changes to the baseline.

APA

Carbon Market Watch (2020). Open letter by carbon market stakeholders on the CORSIA impacts of COVID-19. https://carbonmarketwatch.org/wp-content/uploads/2020/05/Open-letter-by-carbon-market-stakeholders-1.pdf

Chicago

Carbon Market Watch. Open letter by carbon market stakeholders on the CORSIA impacts of COVID-19. 2020. https://carbonmarketwatch.org/wp-content/uploads/2020/05/Open-letter-by-carbon-market-stakeholders-1.pdf.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Open letter by carbon market stakeholders on the CORSIA impacts of COVID-19 |date=25 May 2020 |url=https://carbonmarketwatch.org/wp-content/uploads/2020/05/Open-letter-by-carbon-market-stakeholders-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2020open, author = {{Carbon Market Watch}}, title = {{Open letter by carbon market stakeholders on the CORSIA impacts of COVID-19}}, publisher = {Carbon Market Watch}, year = {2020}, month = may, url = {https://carbonmarketwatch.org/wp-content/uploads/2020/05/Open-letter-by-carbon-market-stakeholders-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }