Guyana has joined a new international partnership led by the International Air Transport Association (IATA) to increase the supply of carbon credits used by airlines under the CORSIA scheme. The alliance includes governments like the UK, Madagascar, Zambia, and Zimbabwe, plus major airlines such as Air France-KLM, Lufthansa, Qatar Airways, and Singapore Airlines. The goal is to make more approved carbon credits available as demand from the aviation sector grows in the coming years. For Guyana, this builds on its existing forest carbon credit program. The country already sells credits based on avoided deforestation and forest carbon absorption. Joining the IATA alliance could open a new buyer segment for those credits, as airlines need verified offsets to meet their CORSIA obligations. The alliance now has 50 members including governments, airlines, manufacturers, and carbon market organizations. The move signals that voluntary carbon markets are becoming more structured around compliance-adjacent demand. CORSIA was designed by ICAO to cap growth in international aviation emissions, and airlines can use approved credits to cover part of their obligations. Guyana's participation links forest conservation directly to aviation decarbonization targets.
