The IATA Aviation Carbon Exchange (ACE) is a centralized market for CORSIA-compatible emission units, where airlines and other aviation players can exchange CO2 emission reductions for compliance or voluntary compensation. As a safe and user-friendly business environment, ACE offers the utmost transparency in terms of price and availability of emissions reductions. Airlines that rely on ACE will benefit from IATA Settlement Systems and the Clearing House for a safe and risk-free settlement of funds. The exchanges are open to all airlines, IATA members and non-IATA countries and are also available to CO2 operators who wish to list CORSIA-compliant emission reductions. January 30, 2020 – Holding group Xpansiv CBL (XCHG) and IATA have announced a partnership for the development of the Aviation Carbon Exchange (ACE), a new and innovative opportunity for airlines to meet their emissions commitments under the International Air Transport CO2 Emission Reduction System (CORSIA). CORSIA is looking at increasing total INTERNATIONAL aviation CO2 emissions above 2020 levels. All emission units are checked for the CORSIA qualification before the units are listed on the stock exchange. Given the latest version (3.0) of ETMA in 2008, it may be questionable whether the text of the framework agreement has the elasticity necessary to cover the multiplicity of recent approaches to VAT taxation between the EUA, THE REC and the exchange of EER. Let us remember that they range from the exemption from VAT and the zero rate to the standard rate through the „inversion tax“. The communication also highlights the concern for „environmental integrity from a climate point of view“, which has yet to be developed by the finer operation of the CORSIA system. Of particular interest are procedural safeguards for emission units that must be used by states that, if not managed carefully, can lead to fictitious climate protection. In this context, the Commission has explicitly considered the possibility of extending the ETS to its full international scope, despite multilateral agreements. This ongoing review therefore leaves ICAO unresolved and keeps the pressure on the system`s levels of ambition and environmental integrity.
There does not appear to be an untapped threat and the Commission stated that it would continue „in the absence of revision“ with the current EU ETS, which would „reduce the number of free quotas each year from 2021, in line with the linear reduction factor applicable to all other sectors“. Air carriers notify their emission units to their national management authority (for example. B, the Ministry of the Environment, etc.). Before submitting the report to their states, operators must have partnered an independent and accredited auditor to have reviewed and certified the report. The inspector will check the quantities, eligibility and cancellation of emission units. The Exchange provides a link to the registration account. After each negotiation, the units are available in the airline check-in account. The IATA Aviation Carbon Exchange (ACE) is a centralized market where airlines and other aviation players can exchange CORSIA-compliant emission units and emission units for voluntary compensation. CEA provides airlines with a safe and intuitive destination for real-time data access with total transparency. As a safe and user-friendly business environment, ACE offers the largest number of emission reductions available in carbon markets. The exchanges are open to all airlines (IATA and non-IATA) and CO2 operators who wish to act on voluntary emission reduction units, as well as those that comply with CORSIA.
Airlines that act with THE CEA benefit from the simplification of billing and regulation (SIS) and the IATA clearing house of IATA for a safe and risk-free settlement.