The EU Emissions Trading System (EU ETS) extended to the aviation sector, covering flights within the European Economic Area (EEA). Airlines must monitor, report, and verify their CO₂ emissions, and they receive a limited number of free allowances, having to purchase any additional allowances needed.
Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA): a global market-based measure developed by the International Civil Aviation Organization (ICAO) to offset international aviation emissions. From 2021, CORSIA requires airlines to offset the growth in CO₂ emissions from international flights above 2020 levels.
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