IATA launches aviation carbon offsets trading platform, with JetBlue completing first trade

IATA launched (25-Nov-2020) the Aviation Carbon Exchange (ACE), a tool to help airlines meet their climate commitments. ACE is the first centralised, real time marketplace that is integrated with the IATA Clearing House (ICH) for the settlement of funds on trades in carbon offsets. Connection to the ICH ensures ACE can offer a seamless and secure settlement system which guarantees payment and delivery of the carbon credits. The platform will be a key tool for airlines in fulfilling their obligations under CORSIA, which was agreed by governments through ICAO in 2016. JetBlue Airways completed the historic first trade on ACE platform, purchasing credits in the first phase of the Larimar wind farm project in the Dominican Republic which began development in 2015. [more - original PR]