Offset Credit Supply Potential for CORSIA

The analysis finds that the potential supply of offset credits from the Clean Development Mechanism, Verified Carbon Standard, Gold Standard, and Climate Action Reserve is approximately 18 billion credits, exceeding anticipated CORSIA demand by more than six times. The authors argue that without robust eligibility restrictions, the scheme will fail to achieve significant additional emissions reductions because over 80 percent of the supply comes from projects likely to continue abatement regardless of credit sales.

• Existing projects across the Clean Development Mechanism, Verified Carbon Standard, Gold Standard, and Climate Action Reserve could provide roughly 18 billion offset credits, which is more than six times the expected total demand for CORSIA.
• CORSIA risks failing to produce significant emissions reductions beyond baseline levels if robust eligibility restrictions are not implemented, as over 80 percent of the available supply originates from projects that would likely continue abatement without the sale of offset credits.
• To prevent the undermining of the goal of carbon neutral growth, policy-makers should implement eligibility restrictions that either encourage new emission reduction projects or provide support to existing vulnerable projects that depend on credit revenues for continued GHG abatement.

APA

NewClimate Institute (2019). Offset Credit Supply Potential for CORSIA. http://www.newclimate.org/resources/publications/offset-credit-supply-potential-for-corsia

Chicago

NewClimate Institute. Offset Credit Supply Potential for CORSIA. 2019. http://www.newclimate.org/resources/publications/offset-credit-supply-potential-for-corsia.

Wikipedia

{{cite report |author=NewClimate Institute |title=Offset Credit Supply Potential for CORSIA |date=5 November 2019 |url=http://www.newclimate.org/resources/publications/offset-credit-supply-potential-for-corsia |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2019offset, author = {{NewClimate Institute}}, title = {{Offset Credit Supply Potential for CORSIA}}, institution = {NewClimate Institute}, year = {2019}, month = nov, url = {http://www.newclimate.org/resources/publications/offset-credit-supply-potential-for-corsia}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }