IATA called for governments to agree on a global approach on market-based measures, or MBMs. The organization also stressed that governments and the aviation industry must align on the industry’s four pillars of climate change: investment in new technology, more efficient operations, better infrastructure and positive economic measure.
Airlines, airports, air navigation service providers and manufacturers have agreed on three targets regarding climate change: a 1.5 percent average annual improvement in fuel efficiency, capping emissions with carbon neutral-growth and cutting net emissions in half by 2050 compared to 2005 levels.
“A lot of progress has been made on aviation and the environment. The European Union Emissions Trading Scheme was a roadblock to establishing a global approach to MBMs. With that roadblock removed, we are well positioned for a breakthrough on MBMs,” said Tony Tyler, IATA’s director general and CEO at the Greener Skies Conference in Hong Kong. “A lot of hard work lies ahead, but we are committed
to achieving a positive result.”
The International Civil Aviation Organization has identified three options: carbon offsetting, carbon offsetting with a revenue-generating component and a full global
emissions trading scheme.