About International Civil Aviation Organisation (ICAO):
- ICAO is an intergovernmental specialized agency associated with the United Nations (UN).
- It was established in 1947 by the Convention on International Civil Aviation (1944) known as Chicago Convention.
- Headquarters: Montreal, Canada
- Functions:
- ICAO is dedicated to developing safe and efficient international air transport for peaceful purposes and ensuring a reasonable opportunity for every state to operate international airlines.
- It sets standards and regulations necessary for aviation safety, security and facilitation, efficiency, and economic development of air transport as well as to improve the environmental performance of aviation.
- It also serves as a clearinghouse for cooperation and discussion on civil aviation issues among its 193 member states.
- It also promotes regional and international agreements aimed at liberalizing aviation markets.
- It helps to establish legal standards to ensure that the growth of aviation does not compromise safety, and encourages the development of other aspects of international aviation law.
What is Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)?
- It is a global market-based measure designed to offset international aviation CO2 emissions in order to stabilize the levels of such emissions.
- Offsetting of CO2 emissions will be achieved through the acquisition and cancellation of emissions units from the global carbon market by aeroplane operators.
- It does not apply to domestic aviation. Under it, aircraft operators will begin monitoring their emissions from international flights and begin acquiring offsets for their emissions growth.
