CORSIA: Impacts on the VCM and demand dynamics

Here are some key takeaways

• 126 countries will voluntarily participate in CORSIA's first phase, covering roughly 80% of annual emissions from the aviation sector.¹

• The availability of first phase-eligible credits is currently limited; only two standards bodies have been approved and credits will require a letter of authorisation from the project’s host country.

• BeZero Carbon Ratings show variation in ratings for projects eligible under CORSIA’s pilot phase.

• CORSIA will provide an injection of new demand for carbon credits, in the order of 60 - 160 million credits from the first phase, and this is likely to result in a significant price premium for eligible credits.