IATA and XCHG’s CBL Markets Announce the World’s First Airline Carbon Exchange

Xpansiv CBL Holding Group (XCHG) and the International Air Transport Association (IATA) today announced a partnership to develop the Aviation Carbon Exchange (ACE), a new and innovative way for airlines to meet their emissions-reduction commitments as outlined in the Carbon Offset Reduction Scheme for International Aviation (CORSIA). CORSIA is a global-offsetting scheme ratified by members of the International Civil Aviation Organization (ICAO), designed to help the aviation industry reach its goal of capping CO2 emissions at 2020 levels.