What Happened
Southeast Asia Stands To Gain Billions From Carbon Credits
A new report suggests that Southeast Asian countries could generate up to $8.5 billion over the next decade by supplying carbon credits eligible under the aviation sector’s Carbon Offsetting and Reduction Scheme for International Aviation (Corsia). This would require governments to establish the necessary policy and regulatory frameworks. The report highlights the potential for sustainable aviation fuel (SAF) projects to contribute to this goal. According to Aviation Week, the region’s participation in Corsia could have a significant impact on the environment and local economies.