IATA car­bon prog

Travel Daily - - News -

THE In­ter­na­tional Air Trans­port As­so­ci­a­tion (IATA) is part­ner­ing with com­mod­ity ex­change com­pany, Xpan­siv CBL Hold­ing Group (XCHG), to de­velop an Avi­a­tion Car­bon Ex­change, as part of its re­sponse to cli­mate change.

The ex­change plat­form will al­low air­lines and pas­sen­gers to buy off­sets and has been de­signed to re­duce the im­pact of air travel on the en­vi­ron­ment.

The Avi­a­tion Car­bon Ex­change is part of the Car­bon Off­set­ting and Re­duc­tion Scheme for In­ter­na­tional Avi­a­tion (CORSIA), which rep­re­sents the first of its kind for a sin­gle in­dus­try re­sponse to cli­mate change.

XCHG Pres­i­dent John Melby said air­lines from all over the world are ex­pected to use the ex­change to off­set car­bon emis­sions.

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