IATA carbon prog
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.