The world’s biggest airlines are grappling with an expected shortfall in the industry’s flagship climate scheme, as they try to fend off the risk of the EU imposing a carbon tax on long-haul flights to countries including the US.
The pool of available credits in the scheme is running low and mostly made up of just one forest protection project — in the South American nation of Guyana.
A group of 130 countries including the US, Canada, Australia and the UK has committed to take part in a UN-backed market system to compensate for international aviation’s carbon footprint, known as Carbon Offsetting and Reduction Scheme for International Aviation (Corsia).
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