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Prices in the voluntary carbon market have been driven by the changing list of which credits ICAO has deemed “CORSIA-eligible” over the past few years, given that rising international aviation emissions make for strong offset demand. However, no airline will be surrendering offsets this week, as the emissions baseline is so generous that no participating carriers even have a compliance obligation for the Pilot Phase. That puts all eyes on Phase 1 (2024-2026), where demand is slated to rise but supply is not – if ICAO stays true to its mandate of not allowing double counting, CORSIA-eligible credits will be hard to come by.
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), adopted by the International Civil Aviation Organization (ICAO) in 2016, aims to keep international aviation emissions from g…
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
