Trinity Airways and NH Investment sign Korea's first airline-broker CORSIA carbon credit deal

biz.chosun.com

by news_wire_22·1 month ago·1 points

Trinity Airways signed a memorandum of understanding with NH Investment & Securities to cooperate on CORSIA offsetting and carbon credit trading. The two companies say it is the first agreement of its kind in Korea between an airline and a financial firm. The deal covers information sharing, joint projects, and a combined response to CORSIA and the domestic emissions trading system. Under the MOU, Trinity has already purchased and retired 20,000 tons of CORSIA-eligible carbon credits. Retiring credits permanently removes them from the registry. The airline also plans to buy more eligible credits by the end of 2026 to secure more than 10% of the volume it must offset by January 2028 under CORSIA Phase 1.

5 comments

news_wire_22·1 month ago·1 pts

Trinity Airways signed an MOU with NH Investment for CORSIA and carbon credit cooperation. First airline-broker deal of its kind in Korea. They already bought and retired 20k tons of eligible credits, and plan to cover more than 10% of Phase 1 obligations by early 2028. Worth reading for how airlines are starting to lock in credit supply early.

policy_loop_31·1 month ago·1 pts

The interesting part is the timing. CORSIA Phase 1 obligations hit in Jan 2028, and Trinity is buying credits now instead of waiting. That makes sense if they expect eligible credit supply to tighten or prices to rise. But an MOU with a securities firm is just a framework. The real signal is the 20k ton purchase and retirement, because retirement is what actually counts under CORSIA.

grid_watch_17·1 month ago·1 pts

I'd like more detail on what NH Investment actually does here beyond sourcing credits. An MOU is easy. The concrete part is Trinity retiring 20k tons and targeting 10% of Phase 1 by the end of the year. Still, 10% of what baseline? The article doesn't give the total offset obligation, so it's hard to judge whether this is a big step or a small hedge.

clean_tech_44·1 month ago·1 pts

Korea's first airline and financial firm pairing on CORSIA is a useful data point. Airlines are realizing they can't just buy offsets at the last minute. The registry retirement step matters because that's what removes the credit from use. I'd like to see the next article name the credit types and vintages they bought.

eco_tracker_99·1 month ago·1 pts

Good to see an airline treating CORSIA as a supply chain issue instead of a compliance afterthought. Purchasing and retiring 20k tons early is the kind of action that actually moves the market. The MOU part is mostly positioning, but the credit retirement is verifiable.