The International Business Aviation Council (IBAC) has extended its collaboration with Carbon Trade eXchange (CTX) to offer a transparent platform for business aviation companies to voluntarily purchase carbon credits as part of their sustainability initiatives.
The renewed partnership introduces a new Aviation Carbon Exchange B-to-B retail platform designed for smaller carbon credit purchases, starting at 100 tonnes. The platform simplifies the process for operators, offering a curated registry of high-quality offsets. For those engaging in larger trades, full CTX membership remains the preferred option.
CTX, which pioneered the first electronic exchange for real-time voluntary carbon credit trading over 16 years ago, offers offsets certified by leading standards, including ‘The Gold Standard’, ‘UNFCCC Clean Development Mechanism’, and ‘Verra Verified Carbon Standard’.
As outlined in the ‘Business Aviation Commitment on Climate Change (BACCC)’, high-quality carbon offsets are part of the ICAO’s strategy to achieve net-zero emissions by 2050. In the near term, these credits supplement decarbonisation measures such as sustainable aviation fuel (SAF) use, operational improvements, and advanced aircraft technologies.
IBAC director general Kurt Edwards said, “While the industry strives to meet its decarbonisation goals directly, offsetting is a supplemental tool that allows operators to take mitigation action by financing carbon reductions achieved in projects outside the sector. With this new retail platform, we are pleased to see our partnership with CTX further evolve.”
CTX CEO Wayne Sharpe said, “The best way to start reducing emissions is to cost them in the business, and our low-cost solution helps maximise results for the business aviation sector. Importantly, operators can choose the projects from a curated quality selection from around the world. We are very proud to be part of this game changing solution with such fabulous business aviation leadership on a global scale.”
Under the new platform, carbon credits purchased are instantly cancelled by CTX, with buyers receiving non-resellable certificates of cancellation. By eliminating intermediaries, the platform ensures a streamlined and transparent process, with millions of credits available exclusively through CTX.