Airlines could save an estimated $15 billion in carbon offsetting costs if the International Civil Aviation Organisation uses 2019 to calculate aviation’s CO2 emissions baseline, an official with the International Air Transport Association said Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Sticking to the original plan to use an average of 2019 and 2020 emissions as the baseline could inflate airlines’ bill for buying offset credits because the coronavirus and government lockdowns have massively reduced the sector’s emissions this year. “We’ve gone to ICAO and said 2019 emissions should be used,” IATA’s director of aviation and environment Michael Gill said in a webinar Tuesday. The ICAO’s Carbon Offsetting and Reduction Scheme for International Aviation requires airlines to buy […]