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The International Air Transport Association (IATA) has announced plans for a second CORSIA Emissions Unit Eligibility (EEU) procurement event in the first quarter of 2025. This follows a successful initial event that saw participation from 32 airlines, with 11 purchasing EEUs from the Government of Guyana.
This inaugural large-scale purchase involved Jurisdictional REDD+ ART Trees Guyana credits, the only available CORSIA EEUs. These credits were sold at $21.70 per tonne and are intended to help airlines meet their offsetting obligations under CORSIA Phase 1 for the period from 2024 to 2026. The credits must be canceled by January 31, 2028.
The first procurement event was exclusively open to airlines and took place between October 28 and November 29, 2024. It was supported by the Government of Guyana, Mercuria, and Xpansiv. Xpansiv operates the Aviation Carbon Exchange (ACE) alongside IATA, facilitating these transactions.
