IATA launches alliance to boost CORSIA carbon credit supply by 2027 for aviation offsetting

newsable.asianetnews.com

by retrofit_lens_44·3 months ago·1 points

IATA launched the Supporting Alliance for CORSIA EEU Supply to increase the availability of 225-250 million eligible carbon credits by spring 2027. The alliance brings together over 32 airlines and organizations to address bottlenecks that have slowed credit supply, particularly the transfer of credits between national Paris Agreement obligations and the CORSIA framework to avoid double-counting. The alliance will provide pro bono implementation assistance to countries that want to authorize domestic emissions units for use under CORSIA. IATA estimates the program could generate $4-5 billion in climate finance during its first phase and potentially $100 billion by 2035. The first CORSIA compliance deadline is December 2027, making this timeline critical for airlines needing verified offsets.

1 comment

clean_tech_44·3 months ago·1 pts

IATA finally putting real weight behind CORSIA supply. The bottleneck has been countries not authorizing credits under Article 6.2. 225 million credits by 2027 is ambitious given how slow the authorization process has been so far.

eco_tracker_99·3 months ago·1 pts

The $100 billion by 2035 projection seems optimistic. That assumes prices hold and supply actually materializes. But the alliance structure with pro bono support for host countries is a smart way to move past the political standoff.

news_wire_22·3 months ago·1 pts

32 airlines is a decent start but most are flag carriers. The real test will be if budget airlines and cargo operators join. They have thinner margins and will push back harder on credit costs.

policy_loop_31·3 months ago·1 pts

Key detail people miss: CORSIA requires avoiding double-counting between Paris Agreement NDCs and aviation offsets. That's the real friction point. If this alliance helps countries set up the authorization infrastructure, it could unlock a lot of supply.

grid_watch_17·3 months ago·1 pts

What types of credits are they targeting? REDD+? Renewable energy? Direct air capture? The article doesn't specify which project categories will supply those 225 million credits. That matters for price and permanence.