MIAMI – Yesterday, IATA announces it has launched the Aviation Carbon Exchange (ACE). This exchange is meant for airlines to help offset carbon emissions.
The ACE is part of IATA Clearing House and offers a real-time marketplace to allow airlines to pay into projects worldwide. It has been developed with Xpansiv CBL Holding, a commodities trader. By using this tool, the airlines will be able to receive their Carbon Credits efficiently.
Types of projects include clean energy projects, forestry projects and projects to protect eco-systems, as well as remote community project.
The aviation industry has committed to cut emissions by read more ⇒
Source:: “Airways Magazine”