South Korean carriers are buying carbon credits to comply with CORSIA, the aviation industry's carbon offset program. Eastar Jet acquired 100,000 tons last year, and Trinity Airways announced 20,000 tons on September 28. The first compliance phase covers 2024-2026 emissions, with credits due for retirement by January 2028. Korean Air faces the largest bill at 226 billion won, with total industry costs estimated at 335.4 billion won. Global supply may be tight. IATA estimates airlines need 200-250 million tons of credits by early 2028, but only about 72 million tons are currently available. IATA has launched a coalition to secure more supply, including major carriers like Lufthansa and Singapore Airlines. The article highlights a potential crunch for airlines as they race to meet regulatory deadlines.
