IATA drives the acquisition of carbon credits with new events in 2025
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The International Air Transport Association (IATA) confirmed on January 23 that it will organize regular events in 2025 to facilitate the acquisition of Eligible Emission Units (EEUs) under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
The decision follows the success of the first event, held between October and November 2024, where 11 airlines purchased carbon credits at a price of $21.70 per ton.
CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) is a global initiative adopted by the International Civil Aviation Organization (ICAO) to help the aviation industry meet its climate goals. The scheme requires international airlines to offset carbon emissions exceeding 2019 levels by purchasing carbon credits or implementing measures to reduce their environmental footprint.
Divided into phases, CORSIA aims to ensure that the growth of air traffic does not increase global greenhouse gas emissions, thereby contributing to the sustainability of the sector.
Initial success and future goals
The inaugural event included the participation of 32 airlines, 11 of which purchased EEUs financed by the Government of Guyana and linked to the jurisdictional REDD+ ART Trees program. These carbon credits, valid for Phase 1 of CORSIA (2024-2026), must be retired by January 31, 2028, to comply with emission offset commitments.
According to reports from our associated outlet Aeroin, IATA organized this event in collaboration with the Aviation Carbon Exchange (ACE) and with the support of the Government of Guyana, as well as the companies Mercuria and Xpansiv. The goal is to establish a robust market for high-quality carbon credits, enabling airlines to achieve their emission reduction targets efficiently and responsibly.
Bharrat Jagdeo, Vice President of Guyana, highlighted that the fair price paid for the credits represents significant recognition of the value of natural ecosystems for sustainable development. Meanwhile, Barbaros Kubatoğlu, CFO of Pegasus Airlines, praised the transparent acquisition process, describing it as ideal for increasing confidence in the carbon market.
John Melby, CEO of Xpansiv, emphasized the positive evolution of collaboration with IATA since 2020, expressing enthusiasm about the growing interest of airlines in participating in these events.
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