A new carbon credit supply agreement by Econetix is expected to direct climate finance toward African countries as the aviation industry increases demand for high-quality offsets under the global aviation carbon scheme.
The carbon asset manager has finalized its first supply deal under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) with SCB Environmental Markets, part of SCB Group.
The agreement involves Verified Carbon Credits generated by a Gold Standard-registered project in the Democratic Republic of Congo. The credits are progressing through certification pathways toward CORSIA eligibility for both the scheme’s first and second phases.
Under the arrangement, SCB Environmental Markets will act as the sales and distribution partner, using its global network to connect the credits with aviation buyers.
Relevant: Gold Standard Marks Milestone With First CORSIA-Eligible Carbon Credits
The deal is designed to help channel investment into climate projects across the continent, including initiatives such as reforestation, clean cookstove distribution and renewable energy systems that generate tradable carbon credits.
Under CORSIA, the global framework overseen by the International Civil Aviation Organization (ICAO), airlines must offset growth in international aviation emissions by purchasing eligible carbon credits.
Analysts estimate demand could reach between 100 million and 150 million credits during the 2024–2026 compliance phase, with as many as 1.6 billion credits required through 2035.
The new transaction could also benefit countries building national carbon market infrastructure. Kenya, for example, recently launched Africa’s first national carbon registry, a system intended to track credits and authorize transactions under international climate rules.
Econetix, which operates in 16 African countries, develops carbon projects registered under recognized standards and works with governments to ensure they meet compliance requirements such as Article 6 authorizations and safeguards against double counting.
According to Paul Nimmerfall, a co-founder of Econetix, the initiative aims to go beyond credit transactions. “This is not just about carbon credits—it is about long-term investment, institutional capacity building, and predictable revenue streams for governments and local communities,” he was quoted as saying by Kenyan newspaper The Standard.
The partnership is expected to enable African carbon projects to supply the rapidly expanding aviation carbon market while supporting climate action, biodiversity protection and economic development across the region.
Read more: Aviation Sector Pushes For Host Authorization Under CORSIA Ahead Of 2027 Deadline
