MADRID, Dec 11 (Bernama-BUSINESS WIRE) — In recognition of the significant and growing environmental impact of commercial air traffic, the International Chamber of Commerce (ICC), Perlin, and AirCarbon have formed a partnership to customize AirCarbon’s blockchain based carbon trading platform to facilitate carbon credit schemes to reduce worldwide aviation emissions. Launched on the sidelines of this year’s United Nations Conference on Climate Change (COP 25) in Madrid, the partnership seeks to promote a market-based approach for reducing carbon emissions in the aviation industry globally.
Leveraging ICC’s extensive global network and Perlin’s domain expertise in distributed technology for enterprise, the partnership will seek to facilitate global adoption of the AirCarbon Exchange, which is the world’s first blockchain based distribution and trading network for CORSIA compliant carbon credits. CORSIA, International Civil Aviation Organization’s Carbon Offset and Reduction Scheme for International Aviation, was signed in Montreal in 2016 by 191 countries.