IATA launches supporting alliance for CORSIA EEU provision | News
The International Air Transport Association (IATA) has launched the Supporting Alliance for CORSIA EEU Supply, bringing together stakeholders from across the CORSIA ecosystem in their efforts to increase the availability of 225-250 million CORSIA Eligible Emissions Units (EEUs) by spring 2027. The alliance aims to:
Pool the resources of participating organizations and address bottlenecks with tailor-made, practical and pragmatic implementation assistance.
To facilitate and enable countries’ management of the interface between their nationally determined contributions under the UNFCCC and the process required to make carbon credits available for use under CORSIA.
Improve countries’ access to carbon markets and related resources.
“CORSIA is the only globally agreed framework to address international aviation emissions, established in 2016 by ICAO and its member states. However, states have their own obligations under the Paris Agreement and the UNFCCC. Credits must be transferred between these systems to avoid double counting, which has become a major bottleneck. The Supporting Alliance will provide implementation assistance to resolve this and other bottlenecks that prevent credits from entering the CORSIA market.
It should be noted that CORSIA will likely generate $4 to $5 billion in climate finance in its first phase, and possibly $100 billion by 2035, depending on market prices. This will help finance climate action, support remote communities and boost economic development. We welcome all carbon market stakeholders and related organizations to join forces in the Supporting Alliance to help CORSIA realize its potential social, economic and climate benefits,” said Marie Owens Thomsen, IATA’s Senior Vice President Sustainability and Chief Economist.
The Alliance is open to all organizations and national governments willing to commit expertise and practical resources and make a significant contribution to the development of the CORSIA EEU offering and the robust implementation of CORSIA and Article 6.2 Guidelines of the Paris Agreement. The Alliance’s initial membership includes more than 32 entities, including the following airlines: Air Asia, Air France-KLM, All Nippon Airways (ANA), Austrian Airlines, China Airlines, Corsair, Egyptair, IAG, Japan Airlines, KM Malta Airlines, Lufthansa Group, Pegasus Airlines, Qatar Airways, Scoot, Singapore Airlines and SWISS.
Implementation assistance in the host country
Host country implementation assistance will significantly involve recognized Article 6 and CORSIA experts from the Supporting Alliance, and pro bono support will be provided to countries seeking to authorize the use of domestic emission units under CORSIA. This support will facilitate the process ahead of the first CORSIA compliance deadline in December 2027 and help countries manage the reporting and assessment processes on an ongoing basis.
Assistance will be provided to countries upon request, tailored to their specific needs and their progress in implementing Article 6.2 of the Paris Agreement.
