What is CORSIA
On 6 October 2016, the ICAO (International Civil Aviation Organization) adopted the final rule text for CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation, Assembly Resolution A39A-3), a global market-based measure to control emissions of CO2 of aircraft conducting international operations. The measure expects to reduce CO2 emissions through “aircraft technologies, operational improvements and sustainable alternative fuels”.
US Participates in CORSIA
The United States is a voluntary participant in the first phase of CORSIA as stated in a White House Press Release. CORSIA generally applies to international flights of aircraft over 12,500 lbs MGTOW between participating nations, but there are exceptions for certain low level operators and humanitarian, medical and firefighting operations.
MRV Phase 2019-2020
While the first phase period covers the years 2024 through 2026, US operators can participate in the FAA’s voluntary Monitoring, Reporting and Verification (MRV) Program in 2019 and 2020 to help set the current baseline for business aviation carbon impact. Participation in this program is intended for aircraft operators that produce annual CO2 emissions greater than 10,000 metric tons from international flights. Operator that fall into this category can apply to be participants now, and the FAA will request their 2019 emissions report in May of 2020. Program information, and application materials can be found on the Environmental Standards, Market Based Measures & Policy Options page of the FAA website.
Future Regulatory Changes – 2024
As Phase 1 approaches in 2024, countries that are voluntary participants in CORSIA will change aviation regulations. The regulation changes will impact aviation operations for clients with significant international operations. Jetstream Aviation Law is ready to help clients navigate and craft transactions and operations to comply with the new regulations.
Lori McGee is a Partner with the aviation law firm of Jetstream Aviation Law, P.A. and counsel clients on the acquisition, financing and operation of corporate jets operated under Part 91 and Part 135 of the US Federal Aviation Regulations. Jetstream Aviation Law can be found at www.JetstreamLaw.com. Lori McGee (email@example.com).