LONDON—Airlines worldwide are on track to submit their first full year of emissions data under ICAO’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), although some regulators have been slow to react to the new rules. ICAO adopted CORSIA, a global market-based carbon offset program, in October 2016. Since then, ICAO has been working to create the technical framework for CORSIA implementation. Under CORSIA, airlines were mandated to monitor ...

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