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Airlines fear CORSIA's financial impact may clip their wings
Business Standard
|April 17, 2025
Indian airlines on Wednesday voiced concerns over the new global emission standards CORSIA, set to take effect in 2027, calling the targets "unrealistic" and warning that the norms could impose a "significant" financial burden on them.
CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) is a global initiative of the United Nations-run International Civil Aviation Organization (ICAO) to limit carbon emissions from international aviation. From 2027, it enters a mandatory phase for most major aviation countries, requiring airlines to offset emissions that exceed 2020 levels by purchasing eligible carbon credits.
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