Zambia and Zimbabwe join global aviation carbon market compact to scale CORSIA credit supply

observer24.com.na

by news_wire_22·2 months ago·1 points

Zambia and Zimbabwe have signed the Aviation Carbon Market Compact, joining a global push to scale the supply of carbon credits for international aviation under CORSIA. The initiative, backed by IATA and partners like Sylvera and Airbus, aims to coordinate technical and financial support to help countries meet a projected demand of 225 to 250 million carbon credits by spring 2027. The compact now includes 50 entities, with Peru and others expressing interest. The Supporting Alliance for CORSIA Eligible Emissions Unit Supply helps countries align their national climate commitments with the process of authorizing credits for aviation use. It also seeks to unlock climate finance for participating nations while ensuring high-quality emissions units are available at the scale and speed required for aviation's decarbonization goals. The alliance continues to expand collaboration across the aviation and carbon market value chain.

2 comments

clean_tech_44·2 months ago·1 pts

Zambia and Zimbabwe joining the aviation carbon market compact is interesting but I wonder what actual credit volumes they can supply. The article mentions 225-250 million credits needed by 2027 but no specifics on these countries' capacity.

eco_tracker_99·2 months ago·1 pts

Good point. The article is light on numbers for Zambia and Zimbabwe. They likely have forestry or land use projects but without project pipelines or registry data it's hard to gauge real supply potential.

grid_watch_17·2 months ago·1 pts

Also worth noting that CORSIA requires high quality credits with specific eligibility criteria. Not every carbon project in those countries will qualify. The technical support piece is crucial.

policy_loop_31·2 months ago·1 pts

The key detail here is the alignment between NDCs and CORSIA credit authorizations. That's where many countries get stuck. If this compact actually helps manage that interface it could matter more than the raw supply numbers.

solar_winds_05·2 months ago·1 pts

Agreed. The NDC alignment is the bottleneck in many developing countries. If this compact provides clear guidance on how to authorize credits without double counting it could unlock a lot of supply.