Arlington, Va. (March 18, 2020) – Conservation International released the following statement on the approval of six greenhouse gas programs by the United Nation’s International Civil Aviation Organization (ICAO). The new programs permit airlines to purchase carbon credits, including nature-based credits to reduce their aviation emissions and meet climate obligations under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
“On Friday, the ICAO Council conditionally approved two REDD+ programs (the Forest Carbon Partnership Facility and Verra’s Jurisdictional and Nested REDD+) and outlined a pathway for their full inclusion in the future. This outcome is a huge win for nature. If nature-based carbon credits capture 30% of the projected demand from airlines under this market, it could deliver up to $5 billion in new investments over the 15-year span of this market to reduce deforestation while also helping to lower the footprint of international air travel and cargo,” said James Roth, senior vice president of global policy and government affairs at Conservation International. “ICAO is sending a clear signal to the world that nature-based credits are credible and should be eligible in carbon markets—which we hope will be replicated in other markets around the world.”
Conservation International’s work on ICAO is in close partnership with United Airlines, a long-time supporter of Conservation International’s efforts to promote natural climate solutions.
About Conservation International
Conservation International works to protect the critical benefits that nature provides to people. Through science, partnerships and fieldwork, Conservation International is driving innovation and investments in nature-based solutions to the climate crisis, supporting protections for critical habitats, and fostering economic development that is grounded in the conservation of nature. We work in 30 countries around the world, empowering societies at all levels to create a cleaner, healthier and more sustainable planet. Follow Conservation International’s work on Conservation News, Facebook, Twitter, Instagram and YouTube.