IATA Alliance Expands Support for CORSIA Carbon Credits

CORSIA Carbon Credit Initiative Gains New Government and Industry Backing

The International Air Transport Association (IATA) has announced that participation in the Supporting Alliance for CORSIA Eligible Emissions Unit (EEU) Supply has grown to 50 organizations and governments, strengthening efforts to increase the availability of carbon credits for international aviation.

The latest developments include the governments of Guyana, Madagascar, the United Kingdom, Zambia and Zimbabwe joining the initiative through the Aviation Carbon Market Compact. Peru has also expressed interest in participating in the programme.

In addition, several industry organisations have joined the alliance, including the International Emissions Trading Association (IETA), the Verified Carbon Market Collaborative, data partner Sylvera and Airbus, all of which will provide technical and financial support for the initiative.

The alliance was established to help expand the supply of high-quality carbon credits required under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The aviation industry is expected to require between 225 million and 250 million CORSIA-eligible emissions units by spring 2027.

The initiative focuses on supporting countries in accessing carbon markets, facilitating the processes required for carbon credit authorisation and helping align carbon market activities with national climate commitments under the United Nations Framework Convention on Climate Change (UNFCCC).

Marie Owens Thomsen, IATA’s Senior Vice President Sustainability and Chief Economist, said the growing participation from governments and organisations demonstrates a shared commitment to strengthening the policy frameworks and market mechanisms needed to increase the supply of eligible carbon credits.

The alliance also aims to improve access to carbon finance and provide implementation support that can help countries participate more effectively in international carbon markets.

Alexia Kelly, Director of The Carbon Policy and Markets Initiative at High Tide Foundation and representative of the Verified Carbon Market Collaborative, said the initiative supports efforts to increase the availability of carbon credits while improving transparency, governance and market integrity.

Dirk Forrister, President and CEO of IETA, noted that cooperation among airlines, governments, and carbon market stakeholders will be essential to supporting aviation’s decarbonisation goals and the long-term success of CORSIA.

The Supporting Alliance now includes governments, airlines, carbon market organizations, aviation stakeholders and implementation partners from across the industry. Participating airlines include Air France-KLM, AirAsia, All Nippon Airways, Egyptair, IAG, Japan Airlines, Lufthansa Group, Qatar Airways, Singapore Airlines, SWISS and several others.

IATA expects additional governments and organisations to join the initiative as efforts continue to strengthen the supply of carbon credits needed to support international aviation’s sustainability objectives.

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