ICAOs Focus on Reducing Carbon Emissions:
ICAO has been tasked with reducing carbon emissions from international civil aviation. To achieve this goal, the global body has adopted several key aspirational goals, including a two per cent annual fuel efficiency improvement through 2050, carbon neutral Growth, and net zero by 2050. These goals are clubbed under CORSIA and LTAG.
CORSIA is to be implemented in three phases, and financial implications due to offsetting have to be borne by individual airlines, depending upon their international operations. It is applicable only to flights originating from one country to another.
ICAO is an intergovernmental specialized agency associated with the United Nations (UN) that was established in 1947 by the Convention on International Civil Aviation (1944) known as the Chicago Convention. The headquarters of ICAO is located in Montreal, Canada.