A new report from Boeing, GenZero, and Abatable estimates that ASEAN countries could generate up to $8.5 billion over the next decade by supplying carbon credits to the aviation sector under CORSIA. The region currently accounts for about 7% of global CORSIA eligible credits, with 2.6 million credits from four projects in Cambodia and Laos. The report says supply could jump to 20.8 million credits if governments authorize 54 more projects that already meet CORSIA rules, including 24 in Vietnam, 11 in Thailand, and 8 in Myanmar. To unlock this, governments need to issue Letters of Authorization for eligible projects and improve coordination between climate and aviation agencies. The report also estimates that developing around 100 new carbon projects could add 302 million credits and support 32,000 jobs across ASEAN. Airlines like Singapore Airlines and Malaysia Aviation Group have already started buying CORSIA credits. The full opportunity depends on whether governments move fast on policy and authorization.
