A group of states and industry partners has joined the International Air Transport Association to expand the supply of carbon credits under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The initiative now includes 50 participants, representing a broad coalition of governments, carbon market stakeholders, airlines, and implementation sponsors committed to scaling high-integrity emissions units for international aviation.
The governments of Guyana, Madagascar, the United Kingdom, Zambia, and Zimbabwe have formally entered the Supporting Alliance by signing the Aviation Carbon Market Compact. This compact shows their role in facilitating the authorization of credits and aligning domestic climate policies with CORSIA’s requirements. Peru has also expressed intent to join, signaling growing international engagement as the scheme advances.
Related: WestJet debuts Blue Jays-themed plane
New backers include the International Emissions Trading Association (IETA), the Verified Carbon Market Collaborative, data provider Sylvera, and aerospace firm Airbus. These organizations are contributing technical and financial resources to accelerate the program.
The Alliance targets a supply of 225-250 million CORSIA Eligible Emissions Units by spring 2027 by pooling resources and expertise in a targeted way, with practical support and implementation assistance.
Related: Londra’dan Edinburgh’a Uzanan Eşsiz Bir Britanya Deneyimi
Current members span a diverse range of participants. Airlines engaged in the initiative include AirAsia, Air France-KLM, All Nippon Airways, Austrian Airlines, China Airlines, Corsair, Egyptair, IAG, Japan Airlines, KM Malta Airlines, the Lufthansa Group, Pegasus Airlines, Qatar Airways, Scoot, Singapore Airlines, and SWISS, alongside regional bodies like the Arab Air Carriers’ Organization. Implementation assistance is being provided by Airbus, IETA, and the Verified Carbon Market Collaborative, ensuring that technical and logistical barriers are addressed.
The carbon market stakeholder group also includes entities such as Aither Group, Climate Impact X, Econetix GmbH, Gunvor, ICE, Kita, Korea Carbon Management Ltd, Mitsubishi Research Institute, Oka, Planethos, Project Developer Forum, Resilient LLP, UpEnergy, Vitol, and WeAct, each contributing specialized capabilities in areas like credit development, trading platforms, and verification standards.
Related: Vietnam Tourism Gets Philippines Boost
More governments and stakeholders are expected to join as the initiative gains momentum, further strengthening its capacity to accelerate the availability of CORSIA EEUs and support the aviation sector’s transition to a lower-carbon future.