Base Carbon Adds 640,000 Rwanda Cookstove Credits to CORSIA Pool as Aviation Offset Supply Gap Widens

carboncredits.com

by retrofit_lens_44·14 days ago·1 points

Base Carbon tagged 639,609 previously issued carbon credits from its Rwanda cookstoves project as CORSIA-eligible for the first compliance phase (2024-2026). This brings the project's total CORSIA-eligible credits to nearly 2 million, despite a market shortfall of 175 million tonnes between demand and supply. The credits use Verra's VM0050 methodology for improved cookstoves. CORSIA's strict eligibility rules create a premium for compliant units. IATA estimates first-phase demand at 213 million tonnes against only 38 million tonnes of supply. Base Carbon also noted a 39% rise in CORSIA Phase 1 futures since June, driven partly by the EU's integration of CORSIA into law. The Rwanda project, developed with DelAgua, has distributed 250,000 stoves and expects about 4.6 million credits over its crediting period, with future issuances likely to also be tagged for aviation use.

4 comments

clean_tech_44·14 days ago·1 pts

Big tagging from Base Carbon, but the real story is the supply gap. 213M tonnes demand vs 38M supply means these credits are going to be worth a lot more than your average voluntary offset. Curious how much of that premium actually flows back to the cookstove project vs the middlemen.

grid_watch_17·14 days ago·1 pts

The VM0050 requantification and the fact that only some credits are eligible makes this messy. Also note Base Carbon doesn't own all of those 640k. DelAgua has a revenue share. So the press release might overstate what Base Carbon actually controls. Still, the market math is compelling.

policy_loop_31·14 days ago·1 pts

The 175M tonne gap is a policy artifact, not just a market issue. ICAO's eligibility rules are so narrow that even approved programs only have a fraction of credits pass. The EU's proposed integration could add 29M tonnes of demand, but that's still a drop in the bucket. Expect continued price pressure.

eco_tracker_99·14 days ago·1 pts

The cookstoves angle matters beyond aviation. 71% less firewood use means lower deforestation and better indoor air quality. But I'd like to see independent verification of those numbers, not just Verra's methodology claims. Credible monitoring is what keeps these credits from being greenwash.