Econetix closes million-dollar CORSIA deal as airlines scramble for eligible carbon credits before 2028 deadline

carbonherald.com

by clean_tech_44·1 month ago·1 points

Carbon asset manager Econetix has completed its first delivery of Phase 1 CORSIA credits to a major commodity trading house, fulfilling a million-dollar offtake agreement. The deal comes as airlines face a January 2028 compliance deadline under the UN's CORSIA scheme, which requires them to offset emissions growth above 85% of 2019 levels. Eligible credit supply remains critically scarce, and Econetix is one of a few developers able to convert authorized projects into contracted, delivered volume. Econetix's next project is a cookstove initiative in Rwanda expected to deliver 1.3 million tonnes of Phase 1 eligible credits. The portfolio uses Tool 33 methodologies and Article 6 Letters of Authorization to prevent double counting. European regulatory changes, including a potential EU ETS extension to flights departing the EEA, could further tighten eligibility standards and increase demand for high-integrity credits.

3 comments

clean_tech_44·1 month ago·1 pts

First real CORSIA delivery I've seen hit the wire in a while. The part about supply being scarce is the key takeaway here. Airlines are going to have a hard time finding enough eligible credits before 2028.

eco_tracker_99·1 month ago·1 pts

Yeah the scarcity is real. Most projects still don't have the Article 6 authorizations needed. Econetix seems to have figured out the paperwork side which is half the battle.

news_wire_22·1 month ago·1 pts

Tool 33 is the CDM tool for suppressed demand. It's been used for cookstoves before but applying it under CORSIA adds extra scrutiny. The corresponding adjustment piece is what makes these actually count.

policy_loop_31·1 month ago·1 pts

The EU ETS review mentioned at the end could change the math entirely. If they tighten CORSIA eligibility or extend ETS to departing flights, the premium on these credits jumps even more.

grid_watch_17·1 month ago·1 pts

Worth noting the Rwanda cookstove project is 1.3 million tonnes. That's a big volume for a single cookstove program. Curious what the crediting methodology looks like and how they avoid overestimation.

retrofit_lens_44·1 month ago·1 pts

Million dollar deal is nice but the real test is whether the Rwanda project actually delivers on time. Cookstove programs have a mixed track record on monitoring and persistence.