What Happened
India Becomes Third Largest Aviation Market Amid Rising Emissions
India has become the world’s third-largest aviation market, with its carriers transporting over 170 million passengers in 2024. The country’s aviation sector is expected to continue growing, with plans to expand its airport network and increase its commercial fleet. However, this growth comes with a rising compliance burden under international emission schemes, including the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). A new working paper by the International Council on Clean Transportation estimates India’s offset requirement under CORSIA and projects the country’s cumulative compliance costs over the 2027-2035 period. This was reported by the International Council on Clean Transportation.