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How does COVID-19 affect the implementation of CORSIA?
Weijun Liao1, Ying Fan1, Chunan Wang1,2,3
1School of Economics and Management, Beihang University, Beijing, China.
The COVID-19 pandemic impacted international aviation, influencing the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Revised CORSIA baselines reduced offsetting costs, though aviation enterprises still face financial burdens.
Area of Science:
- Environmental Science
- Economics
- Transportation Studies
Background:
- The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) aims to stabilize international aviation emissions.
- The COVID-19 pandemic significantly disrupted global aviation activity, necessitating an evaluation of CORSIA's implementation.
- Understanding aviation's growth trajectories and the impact of policy adjustments is crucial for environmental and economic sustainability.
Purpose of the Study:
- To investigate the effects of the COVID-19 pandemic on the implementation of CORSIA.
- To analyze the differential impacts of aviation activity changes on developed and developing countries.
- To assess the financial implications of CORSIA, including the effects of baseline revisions.
Main Methods:
- Utilized Automatic Dependent Surveillance-Broadcast (ADS-B) data for international aviation activity.
- Employed Gompertz and Logistic curve forecasting models.
- Incorporated four distinct COVID-19 pandemic scenarios for analysis.
Main Results:
- International aviation in developing nations shows rapid growth, contrasting with slower or saturated trends in developed countries.
- Findings retrospectively support the ICAO Council's revision of the CORSIA implementation baseline, yielding cost savings for nations like China, the USA, UAE, and UK.
- Despite baseline adjustments mitigating economic pressure, CORSIA imposes a substantial financial burden on international aviation enterprises.
Conclusions:
- The COVID-19 pandemic has altered aviation's growth patterns, impacting CORSIA's effectiveness.
- Baseline revisions for CORSIA provided significant financial relief, highlighting the importance of adaptive policy.
- CORSIA implementation continues to present economic challenges for the aviation industry, requiring ongoing assessment and potential mitigation strategies.
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