Carbon asset manager Econetix has secured a Letter of Authorization (LoA) from the Government of Uganda for up to 10 million metric tons of CO2 equivalent (tCO2e), marking the largest single Article 6 authorization ever granted to a private company.
Issued by Uganda’s Ministry of Water and Environment for vintages spanning 2025 to 2030, the authorization covers the Empower Communities Through Clean Energy program and its associated clean cookstove projects.
Econetix is the first carbon asset manager to receive an official LoA in Uganda. The agreement comes just days after Econetix secured an authorization in Rwanda alongside project partner Likano.
Together with earlier approvals in the Democratic Republic of the Congo (750,000 tCO2e) and Rwanda (1.76 million tCO2e), the agreement expands Econetix’s total authorized CORSIA-eligible portfolio to 12.5 million tonnes across three African host nations.
Addressing The Global CORSIA Supply Deficit
The historic authorization comes at a critical time for global aviation carbon markets.
The International Air Transport Association (IATA) projects that airlines will need upwards of 200 million CORSIA-eligible emissions units for Phase 1, yet global supply tagged for the phase currently hovers around 40 million units.
By securing full Article 6 host-country authorizations with commitments for corresponding adjustments, Econetix’s 12.5-million-tonne pipeline provides a substantial boost to the available supply for international aviation offset requirements.
Relevant: Econetix Gains Rwanda Authorization To Market For CORSIA-Eligible Carbon Credits
Looking ahead, Econetix plans to advance similar authorizations across Tanzania, Malawi, and additional African nations, with more than ten projects currently moving through the pipeline.
Jakob Zenz, Chief Executive Officer of Econetix, emphasized the responsibility that comes with managing carbon assets at this scale.
“Ten million tonnes from Uganda is the largest single Letter of Authorization ever granted to a private company, and it is the first ever granted to a carbon asset manager in the country,” Zenz said. “We see it as our mandate to help position Uganda as a leader in high-integrity carbon markets and to deliver measurable benefits for its people and communities.”
Read more: Zambia Sets Stage For International Carbon Trading With Digital Registry
