EcoSecurities, a global leader in climate solutions leveraging nature, technology, and finance to accelerate decarbonisation activities, announces the launch of its new report entitled ‘CORSIA: Navigating the complex path to decarbonisation in international aviation’.
The report provides airlines with a comprehensive guide for how to prioritise decarbonisation activities and implement effective strategies and approaches to manage their carbon exposure under Phase 1 (and beyond) of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
The main aim of the CORSIA regulation is to incentivise the scale up of decarbonisation activities within the civil aviation sector by encouraging the industry to adopt low carbon, sustainable practices. With the First Phase underway, airlines are increasingly coming under pressure to develop proactive approaches to significantly reducing emissions over the short, medium and long-term.
EcoSecurities’ newly launched report provides airlines with a comprehensive breakdown of CORSIA’s regulatory framework and highlights the main challenges, and opportunities facing the aviation sector, offering practical insights and advice for compliance in line with contrasting and competing demands from other international, national and regional carbon markets. Key highlights include:
- With the First Phase of CORSIA now in effect, airlines face immediate pressure to meet compliance requirements or risk falling behind.
- Sustainable Aviation Fuels (SAFs) are critical to reducing aviation emissions, but limited supply and high demand create significant challenges.
- Airlines must take a portfolio approach—combining emissions reduction, SAF investments, and carbon offsetting—to comply with CORSIA and mitigate climate risks.
- Despite the recent approvals of new carbon credit standards (Verra & Gold Standard, Global Carbon Council & Climate Action Reserve), the supply of high-quality carbon credits under CORSIA still lags behind demand, creating market risks.
To download a copy of the report here: CORSIA compliance guide for aviation decarbonisation/.
Pablo Fernandez, CEO of EcoSecurities said “We’re delighted to launch our first report focused on helping the aviation sector navigate the complexities of achieving compliance with CORSIA requirements. With over 30 years’ experience of supporting companies, governments and organisations develop climate strategies and solutions to accelerate their decarbonisation efforts.”
“In our experience early action when it comes to complying with markets like CORSIA is critical to avoid significant regulatory risk and cost down the line. Estimates suggest that 60–160 million credits may be required annually during this phase—compared with just 174 million credits retired across the entire Voluntary Carbon Market in 2023.”
Pedro Carvalho, Head of Policy and Markets at EcoSecurities and Lead Author said “With the completion of the Article 6 rulebook by UNFCCC at the recent COP29 in Baku and the increasing pace of local implementation of carbon market regulations, the enabling conditions are now in place and allow the airline industry to assess with relative confidence the alternatives and implications for securing CORSIA eligible units supply. This report showcase relevant considerations to be taken by the industry to guide its engagement with CORSIA.
He continued: “Airlines must take a portfolio approach—combining emission reductions, SAF investments, and carbon offsetting—to comply with CORSIA and mitigate climate risks. With credit prices projected to rise from US$17–$45 per tonne in Phase I to US$27–US$91 in Phase II, acting early will be crucial to managing compliance costs and supporting scalable climate solutions.”
About CORSIA
The main aim of CORSIA is to incentivise the scale up of decarbonisation activities within the civil aviation sector by incentivising the industry to adopt practices that ultimately release fewer emissions into the atmosphere.
The First Phase of the Carbon Offsetting Reduction Scheme for International Aviation (CORSIA) runs from Jan 2024 – Dec 2026 with 126 countries voluntarily committed to participating. CORSIA covers international flights between participating states. Notable countries not participating in the first phase include China, Russia India and Brazil. However, participation in CORSIA becomes mandatory for all countries in the second phase (2027 – 2035).
Recognising the technological and operational challenges to decarbonising their business operations, CORSIA provides airline operators with two further options
to address their offsetting requirements – the use of CORSIA Eligible Fuels (CEFs) and the use of CORSIA Eligible Emissions Units (CEEU)s
With the completion of the first full year in the first phase of CORSIA, airlines with compliance obligations are facing pressure to move from a wait and see approach to a position of actively managing their carbon obligations.
About EcoSecurities
EcoSecurities is a global leader in climate solutions, harnessing the power of nature, technology, and finance to accelerate decarbonisation efforts worldwide. With nearly three decades of experience, EcoSecurities excels in developing nature-based solutions, carbon dioxide removals (CDR) and energy and industrial transition projects.
To date, EcoSecurities has deployed over US$1 billion in climate finance, generating more than 400 million carbon credits across 700 projects in 45 countries. The company collaborates closely with leading standard setters, governance bodies, and membership organisations to maximise the impact and integrity of carbon markets through diverse methodologies and protocols.
Discover more at ecosecurities.com.
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