Carbon offsetting and reduction scheme for international aviation - CORSIA

Major Themes

There are two major themes of this proposed project work. The first and foremost theme of this specialist is the ways in which the CORSIA work. . It is seen that generally all the airlines which are included in CORSIA keep a track of their overall emission from the year 2021 (Prussi et al. 2021). At the end of a 3 year time period, they will start to purchase their respective carbon offsets from an ACE (Aviation carbon exchange). This is generally explained as the real time, centralized marketplace which is incorporated in the ICH (IATA clearing house) for the overall settlements of its funds on the trades in its carbon offsets. This explanation is laid down by IATA.

The second theme is the reasons behind inefficiency of CORSIA to completely mitigate the carbon emission. It has been observed that there are many drawbacks of CORSIA like ineffective offsets quality, oversupply and price of the offsets, inadequate participation from major markets, ineffective transparency, and overestimated environmental coverage of the flights (Scheelhaase and Maertens 2020). According to the current objectives with regards to climate, many of the existing initiatives are producing certain emission reduction in many industries or sectors that are already being considered against the pre-set targets. Moreover, this will also lead to oversupply of the affordable carbon offset credits which would be exacerbated by the decision of the ICAO to alter its baseline. In addition to that, the major markets of aviation and certain developed markets does not have conditional regulatory oversight to execute it.

The major tasks in this project is to develop the five main chapters for this project. Moreover, the data collection is also another major task of this project which is required to reach to a particular conclusion. Data is the one which will be analyzed in chapter 4. Thus, the scoping of the task is done as per the following:

The first three chapters will be developed for this project.

The required data for this project will be collected

The chapter 4 and 5 for this project will be developed on the basis of the collected data.                          

The major focus of this project is to understand whether Carbon offsetting and reduction scheme for international aviation (CORSIA) and such other initiatives that emphasizes on the overall minimization of the carbon emission from aviation industry has the ability to help this industry attain its goal to become the carbon neutral by 2050. It is seen that aviation industry leads to huge amount of carbon emission which is a significant factor in global warming. Moreover, it is also observed that there are certain initiatives like CORSIA introduced to reduce the overall emission of carbon in this aviation industry. Thus, this report emphasizes whether these initiatives are effective to reduce such emission of carbon from this industry and will these initiatives would help this industry to achieve its set target for carbon emission by the pre-defined time period.

Scope of the Task

The research questions were developed on the basis of the identified themes to fill the prevailing research gap. All the developed research questions will help to study the research topic thoroughly and reach to an effective and precise conclusion. The research questions for this specialist project are stated below:

• What is CORSIA and how does it works?
• Is CORSIA effective enough to minimize the overall emission of carbon from aviation industry and will be able to help this sector attain its set target with regards to carbon emission by 2050? Discuss.
• What are the ways in which this ineffectiveness in CORSIA can be removed?

This project will utilized more authentic secondary source like journals, government publications, newspapers, academic publications and articles related to this topic so as to develop an in-depth and critical paper on this topic and contribute to the existing research. Moreover, as per the feedback received, more peered reviewed secondary sources will be utilized for this study so as to carry out an effective and critical research on the chosen topic.                 

There is a significant progress in this specialist project since the proposal. There is quite a number of aspect which were finalized for the final project. The topic of the project is finalized, planning of the research has been done. Moreover, the research questions and final themes for this project has been developed. This means that the main themes which will be build up by this research project is also been decided. Research question which will be investigated in this project were established on the basis of the research objectives. The data collection method is also finalized for the final project.

It is seen that there were certain studies in the past which investigated regarding Carbon emission and CORSIA. However, there were no recent study conducted on this topic. Currently, there were significant changes all around the globe. Moreover, the UN has recently introduced a new offsetting program to deal with this carbon emission. Thus, it becomes more significant to carry out an in-depth study on this topic. Moreover, it also becomes crucial to carry out a study since there were many changes around the globe after the outbreak of Covid-19.

The next step would be developing the 5 major chapters for this specialist project namely introduction, literature review, methodology, presentation of the research and summary, implication and conclusion. Since all the major aspects required to develop an effective and reliable project is finalized, the next step would be starting with the final project and completely the main five chapters of any project.

The carbon offsetting and reduction scheme for the international aviation is the carbon reduction scheme and carbon offset to reduce the carbon dioxide emissions for the global flights, to control aviation effect on the climate change.   It is generally expected that this CORSIA is the effective way to reduce the overall carbon emission in the aviation sector. However, the drawbacks can minimize its overall efficiency in minimizing the emission. Thus, the key thought of this project can be enlisted below:

• Aviation industry is among the top industries which leads to huge carbon emission.
• CORCIA is a major initiative utilized to minimize overall emission of the carbon.
• The CORSIA has certain major limitations which can raise question on its overall effectiveness

References:

Prussi, M., Lee, U., Wang, M., Malina, R., Valin, H., Taheripour, F., Velarde, C., Staples, M.D., Lonza, L. and Hileman, J.I., 2021. CORSIA: The first internationally adopted approach to calculate life-cycle GHG emissions for aviation fuels. Renewable and Sustainable Energy Reviews, 150, p.111398.

Scheelhaase, J. and Maertens, S., 2020. How to improve the global ‘Carbon Offsetting and Reduction Scheme for International Aviation’(CORSIA)?. Transportation Research Procedia, 51, pp.108-117.