Asia is developing a complex landscape of carbon compliance. This analysis compares the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), Singapore's International Carbon Credit Framework, and Japan's Joint Crediting Mechanism (JCM), all of which rely on Article 6 of the Paris Agreement. Key differences emerge in demand and eligibility. CORSIA represents the largest demand source for the 2024-2026 period, requiring over 200 million tonnes of credits. In contrast, Singapore and Japan use more restrictive frameworks tied to specific partner countries and bespoke methodologies, creating distinct opportunities and hurdles for project developers.
