ICAO’s CORSIA and the Paris Agreement: Cross-Cutting Issues

Two international bodies—the Council of the International Civil Aviation Organization (ICAO) and the Parties to the Paris Agreement (CMA)—will soon be making decisions that elaborate on the use of market-based mechanisms to limit and reduce greenhouse gas emissions. How these emerging systems are developed, and the extent to which they align, will have implications for the strength and operation of the global greenhouse gas market and for the environmental integrity of these collective climate efforts.