QATAR AIRWAYS performs Carbon Exchange Transaction with IATA

Qatar Airways and International Air Transport Association (IATA) announced that Qatar Airways became the first carrier to make a transaction on the IATA Aviation Carbon Exchange (ACE) using IATA Clearing House (ICH). The IATA ACE is a marketplace wherein airlines and stakeholders can trade CO2 emission reduction units for compliance or voluntary offsetting purposes. IATA and Qatar Airways reach another milestone that encourages carbon markets to respond to the needs of the aviation sector. This move enables opportunities to ensure implementation of Carbon Offsetting and Reduction Scheme for International Aviation adopted by International Civil Aviation Organization, while supporting the implementation of voluntary offsetting programmes.