Southeast Asia could supply 20.8 million CORSIA carbon credits if governments authorize 54 pending projects across Vietnam, Thailand, and Myanmar, easing airline compliance costs but facing Article 6 policy gaps

Southeast Asia could nearly triple its supply of CORSIA eligible carbon credits if governments authorize 54 pending projects, according to a report backed by Boeing, GenZero, and Abatable. The region currently provides about 7% of global CEEU supply, mostly from clean cookstove projects in Cambodia and Laos. If Vietnam, Thailand, and Myanmar issue Letters of Authorization for the pipeline, supply could jump to 20.8 million units, helping airlines offset emissions growth under CORSIA at lower cost. The catch is uneven readiness across ASEAN. Environment ministries worry about overselling credits and undermining their own NDC targets under Article 6 of the Paris Agreement. Without clear policy guidance and institutional capacity to manage corresponding adjustments, many of those 54 pending projects may stay stuck. The report makes a practical case: faster government authorization could channel climate finance into the region while keeping airline compliance costs from ballooning. But the gap between potential and delivery depends on how quickly ASEAN governments can build the regulatory machinery to authorize credits without shortchanging their own climate goals.