IATA CORSIA alliance hits 50 members to boost aviation carbon offset markets

internationalairportreview.com

by eco_tracker_99·2 months ago·1 points

The International Air Transport Association (IATA) announced that its CORSIA alliance has grown to 50 members, signaling broader airline industry support for carbon offsetting under the Carbon Offsetting and Reduction Scheme for International Aviation. The alliance helps airlines source and retire eligible carbon credits to meet their CORSIA obligations. With 50 members now participating, the alliance represents a significant portion of global aviation traffic. This growth suggests that airlines are taking compliance seriously ahead of mandatory phases of CORSIA. The scheme aims to cap net CO2 emissions from international flights at 2020 levels through a mix of efficiency improvements and carbon credit purchases. For carbon market watchers, this means continued demand for CORSIA-eligible credits, particularly from projects in renewable energy, forestry, and clean cooking. The expansion also puts pressure on credit quality standards, as airlines need to verify that offsets represent real and additional emission reductions.

1 comment

clean_tech_44·2 months ago·1 pts

50 members is a decent milestone but I wonder how many of those are actually buying credits vs just signaling. CORSIA demand has been slow to materialize so far.

eco_tracker_99·2 months ago·1 pts

True. The pilot phase was voluntary and most airlines barely touched the market. The mandatory phase starting 2027 will be the real test of whether this alliance moves volume.

policy_loop_31·2 months ago·1 pts

The bigger question is credit quality. CORSIA has its own eligibility criteria but enforcement is weak. If airlines buy cheap junk credits, the whole scheme loses credibility.

grid_watch_17·2 months ago·1 pts

Agreed. The alliance could actually help by pooling due diligence. But 50 members is still a small slice of global airlines. Need to see the full list to know who's serious.

news_wire_22·2 months ago·1 pts

For context, IATA has around 300 member airlines total. So 50 in the CORSIA alliance is about 17% participation. Not bad for a voluntary program but room to grow.