The first is an analysis of an old story.
On March 13, CCER and other six emission reduction mechanisms were approved by the International Civil Aviation Organization (ICAO) for ICAO ’s International Aviation Carbon Offset and Emission Reduction Mechanism (CORSIA), which caused discussions about potential trading markets in the domestic carbon circle. However, for the real management object of CORSIA-the civil aviation industry, what impact does this news, or the current carbon emission reduction requirements face?
01
This announcement has no real impact on China's aviation industry
The news this time is only a technical decision on the emission reduction information available to CORSIA during 2021-2023, and it has not changed the overall process of CORSIA. According to CORSIA regulations, the trial operation period is 2021-23 years, the first phase operation period is 2024-26 years, and the second phase operation period is 2027-2035 years. States can participate voluntarily in the pilot phase and the first phase. From the second phase, in 2018, countries whose individual share accounts for more than 0.5% of the total tonnage kilometers in international aviation activities expressed in tonnage kilometers, or from highest to lowest In the list of countries ranked by toll-ton-kilometers, countries with a cumulative share of 90% of the total toll-ton-kilometers need to participate, and the least developed countries, small island developing states and landlocked developing countries participate voluntarily. China's competent authorities have not announced the participation in the trial operation period, which means that our airlines have no obligation to participate for the time being. Before the competent department did not explicitly participate in the trial operation period, this announcement had no substantial impact on Chinese airlines.
02
Airlines should co-ordinate the constraints of short-, medium- and long-term carbon trading
Although CORSIA has no substantial carbon constraints on Chinese aviation companies in the short term, it is necessary to report annual emissions from 2019. The deadline for the 2019 annual data report is May 31, 2020. Therefore, CORSIA has become the routine work of airline carbon management. Coupled with the domestic carbon market and the EU carbon market, Chinese airlines actually face constraints from 3 to 4 carbon markets.
Although different trading systems differ in specific technical standards and time requirements, they also involve data submission verification, quota and credit transaction management, and compliance management. Therefore, it is recommended that Chinese airlines set up special departments to coordinate the work of different carbon trading systems, including the following items.
In-depth study of the requirements of different systems to incorporate carbon emission reduction into the group's long-term strategy;
Communicate with competent departments of different systems to understand policy details and development direction;
Unified management of basic data, monitoring, reporting and verification of carbon emission data according to the needs of different systems;
Unified management of the registration system, co-ordinating the registration, transfer, clearing and cancellation of several carbon quotas / credits;
Conduct emission reduction development in a unified manner, and select different emission reduction mechanism projects for storage according to the needs of different systems;
Unified transaction management, with professional traders formulating trading strategies based on different trading rules in multiple markets to obtain maximum benefits;
Unified implementation of compliance management to ensure that the requirements of competent authorities are met.
03
Propose to carry out national emission reduction innovation to enhance the group's green brand
As an industry that directly faces individual consumers, most airlines, as listed companies, should actively mobilize customers and promote low-carbon brands in addition to actively responding to carbon emission reductions internally. Reduce the benefits of low-carbon emission reductions. It includes the following items.
Carry out detailed carbon disclosure. At present, the listed companies in the civil aviation industry of China have already disclosed simple carbon emission information, but they still have a long distance compared with foreign companies in detail. Demonstrate corporate social responsibility.
Promote customer voluntary carbon neutrality. It is estimated that the cost of a single passenger to neutralize a one-way flight is about several yuan to tens of yuan, and the burden on customers is very small. Civil aviation companies can provide voluntary carbon neutrality options when selling tickets, and call on customers to purchase emission reductions with money or points. On the one hand, they can reduce the pressure on the civil aviation company's carbon trading funds.
Promote carbon inclusion. Airlines can give certain cash, in-kind, and point rewards by measuring employee and customer low-carbon office and low-carbon travel behaviors, which can promote company brand building, increase customer stickiness, and obtain customer data.
04
It is recommended that the civil aviation industry cooperate with the airport to reduce emissions
As a large-scale high-energy public building, the airport is controlled by many carbon trading pilots in China, and it is also under pressure to reduce carbon emissions. As two closely connected industries, civil aviation and airport can integrate transportation, supply chain, passenger information flow, etc., and jointly design coordinated emission reduction activities to promote emission reduction activities of travel airports and airlines.
