ASEAN CORSIA credits could generate up to $8.5 billion as aviation demand grows: report

A new report highlights the economic potential of high-quality carbon credits in ASEAN, with the Philippines expected to lead in value over the next decade. (Photo: iStock)

High-quality carbon credits in ASEAN could deliver economic benefits of up to USD 8.5 billion. Driven by the implementation of Article 6 under the Paris Agreement and countries’ Nationally Determined Contributions (NDCs), the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is rapidly emerging as one of the world’s most influential compliance markets. ASEAN countries are the potential major suppliers of carbon credits.

Unlock the full article to explore three key takeaways:

• ASEAN is the world's second-largest CORSIA credit supplier, at 7.1% of global volume.
• Including pipeline projects, ASEAN CORSIA credits could generate up to USD 8.5 billion and 32,000 jobs by 2035.
• The Philippines leads the pipeline at USD 4.9 billion, or 71% of the region—far ahead of Indonesia, Vietnam, and Thailand.