The IATA Aviation Carbon Exchange is a centralised marketplace where airlines and other aviation stakeholders can trade CO2 emission reduction units for compliance or voluntary offsetting purposes.
IATA and Qatar Airways reach another landmark milestone that encourages carbon markets to respond to the needs of the aviation sector.
With Qatar Airways making the ACE transaction using IATA Clearing House , it benefits from the IATA Settlement Systems and Clearing House for seamless and risk-free settlement of funds.
Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “The State of Qatar is one of the States that voluntarily participates in the pilot phase of ICAO CORSIA.
Willie Walsh, IATA’s Director General, said, “The Carbon Offsetting and Reduction Scheme for International Aviation – CORSIA – is a key tool for helping the industry achieve carbon-neutral growth as part of our long-term target to reach net-zero carbon emissions by 2050.
Recently, IATA approved a resolution for the global air transport industry to achieve net-zero carbon emissions by 2050.
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