Carbon asset manager Econetix has completed its first delivery of Phase 1-tagged CORSIA credits to a major international commodity trading house, fulfilling a million-dollar offtake agreement struck earlier this year at a moment when eligible supply for the aviation offset scheme remains critically scarce.
The transaction positions Econetix as one of a small number of developers worldwide capable of converting an authorized carbon project portfolio into contracted, delivered supply under CORSIA, the United Nations’ Carbon Offsetting and Reduction Scheme for International Aviation.
The scheme requires airlines to offset emissions growth above 85% of 2019 levels, and eligible credits must be cancelled by January 2028.
The delivery comes as airlines are issuing requests for proposals and trading houses are actively building positions ahead of the Phase 1 compliance deadline, a dynamic that is sharpening the mismatch between rapidly growing demand and a still very limited pool of qualifying credits.
“Delivering tagged CORSIA volume at this scale is a milestone for Econetix and for the market,” said Jakob Zenz, the company’s chief executive.
With eligible supply scarce and demand from airlines and trading houses accelerating ahead of the Phase 1 deadline, Econetix is among the very few developers currently capable of bridging the gap between an authorised project portfolio and contracted, delivered supply, Zenz added.
Relevant: Econetix And SmartestEnergy Partner On CORSIA Carbon Credits
Rwanda cookstove credits next in line
Econetix said its next project in the pipeline is a cookstove initiative in Rwanda, scheduled to deliver 1.3 million tonnes of CORSIA Phase 1-eligible credits—one of very few cookstove projects entering the compliance market this year.
Its portfolio is aligned with Tool 33 requirements and backed by Article 6 Letters of Authorization, meaning corresponding adjustments prevent double counting against host country national climate targets.
European regulatory developments add further urgency to the supply picture, according to the company.
The European Commission is expected to publish its assessment of CORSIA under the European Union’s Emissions Trading System (EU ETS), with either an extension of the ETS to flights departing from the European Economic Area (EEA) or tighter CORSIA eligibility standards anticipated, both of which would increase the premium on high-integrity, compliant supply.
Read more: Econetix Inaugural CORSIA Deal Channels Carbon Finance To Africa
