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Image of a plane in flight. CORSIA carbon credits Will airlines land on quality

CORSIA carbon credits: Will airlines land on quality?

  • Joel Gould
    Senior Manager, Markets & Policy
  • Markets and Policy

  • The size of the carbon credit market under the CORSIA first phase is likely to top USD 2 billion, multiple times the current annual transaction value of the entire voluntary carbon market (VCM).

  • There are already over 200 million available credits which are “in-scope” for the CORSIA first phase; cookstove credits have the potential to dominate the market.

  • Credits that are in-scope for use in the CORSIA first phase range significantly in quality, from ‘AA’ to ‘D’ on the BeZero Carbon rating scale: airlines run the risk of procuring credits which have a low likelihood of delivering their carbon claim.

  • Airlines should account for the performance of credits in their long-term procurement strategies for CORSIA credits, using ratings as their guide.

Contents

  • What is CORSIA?

  • Who’s involved in CORSIA?

  • What’s the size of the market for CORSIA carbon credits?

  • CORSIA first phase credits - what’s in and what’s out?

  • Which project sectors could CORSIA first phase credits come from?

  • What do we know about the quality of CORSIA first phase credits?

  • Conclusion

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