Airbus and Boeing supports the climate agreement reached by governments at the International Civil Aviation Organization (ICAO) in Montreal, Canada, October 5th.

The agreement puts in place the world’s first Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

Fabrice Brégier, President and CEO of Airbus, stated: “This is a crucial year for the global aviation community and ICAO. Following the successful agreement of a CO2 certification standard for aircraft in February this year, the international carbon offset plan is another key milestone in supporting the aviation industry's commitment in reducing CO2 emissions."

At the same time, Boeing commented that the International Civil Aviation Organization for adopting a carbon-offset system for international aviation that will help the industry achieve its goal of reducing emissions.

On the 5th of October 2016, Government, industry and civil society representatives have agreed on a new global market-based measure (GMBM) to control CO2 emissions from international aviation. The agreement was concluded as the Plenary Session of the 39th Assembly of the International Civil Aviation Organization (ICAO) in Montreal, Canada.

The US-based company added that the historic agreement represents the world's first sector-based, global market mechanism to address climate change and is complementary to the first-ever CO2 standard for airplane emissions that ICAO adopted earlier this year.