India is all set to participate in the International Civil Aviation Organisation’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the Long-Term Aspirational Goals (LTAG) from 2027.
This decision was taken at a Ministry of Civil Aviation meeting in New Delhi chaired by the Minister of Civil Aviation Jyotiraditya Scindia.
The Indian Ministry has stated that “this will enable airlines of developing countries like India to get time to grow more so that they do not face any adverse financial consequences due to CORSIA.”
ICAO has been tasked with reducing carbon emissions from international civil aviation. To achieve this goal, the global body has adopted several key aspirational goals, including a two% annual fuel efficiency improvement through 2050, carbon neutral growth, and net zero by 2050.
CORSIA is to be implemented in three phases, and financial implications due to offsetting have to be borne by individual airlines, depending upon their international operations.
According to experts, financial implications of offsetting would have had a significant impact on airlines in developing countries and by joining the initiative in 2027 Indian airlines will get time to expand their operations and avoid any adverse financial consequences.