News & Analysis as of

Climate Change Aviation Industry Carbon Offset and Reduction Scheme for International Aviation (CORSIA)

Morgan Lewis

Countdown to (Net) Zero: Aviation Industry Aims for Total Carbon Removal by 2050

Morgan Lewis on

The International Air Transport Association (IATA) and its more than 300 airline members have committed to achieving net-zero carbon emissions by 2050, a goal largely driven by the industry’s use and investment in sustainable...more

Holland & Knight LLP

Guidance, Model Provide Additional Clarity for 40B Sustainable Aviation Fuel Tax Credit

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS released Notice 2024-37 on April 30, 2024, regarding the Sustainable Aviation Fuel (SAF) Tax Credit found at Section 40B of the Internal Revenue Code as an income tax credit and...more

Vedder Price

CORSIA – it’s (almost) crunch time

Vedder Price on

As part of the global UN-led effort to tackle climate change, the aviation sector has agreed a basket of measures to decarbonize the industry and achieve net zero carbon emissions by 2050. One of those measures is the Carbon...more

Mitchell, Williams, Selig, Gates & Woodyard,...

The High-Integrity Sustainable Aviation Fuels Handbook: Environmental Defense Fund Announces Publication

The Environmental Defense Fund (“EDF”) announced the release of a publication titled: The High-Integrity Sustainable Aviation Fuels Handbook (“Handbook”) - The Handbook is authored by Pedro Piris-Cabezas....more

Jones Day

Sustainability in Aviation: Significant Efforts Underway to Reduce Greenhouse Gas Emissions

Jones Day on

The aviation industry, including air carriers and aircraft manufacturers, has taken significant steps toward increasing the environmental sustainability of the industry. Overall, many airlines have demonstrated a commitment...more

BCLP

Carbon pricing in the UK/Europe: ETS and CORSIA developments

BCLP on

Operators in the aviation sector and the ‘stationary sectors’ (power generation, energy intensive industries, etc.) should note that the environmental regulatory framework for carbon pricing and emissions trading in the...more

BCLP

CORSIA: How it works and issues for discussion

BCLP on

The aviation sector accounts for approximately 2% of annual carbon emissions resulting from human activity. Prior to the onset of the global Covid-19 pandemic, passenger numbers were expected to increase to 8.2 billion by...more

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