Raw: [
Viridios Capital has just published a new white paper, which looks into the kick-off of the first phase…
The post New Viridios Report Signals Impending Supply Crunch With CORSIA Launch appeared first on Carbon Herald.
] New Viridios Report Signals Impending Supply Crunch With CORSIA Launch Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertisingArchives Archives Select Month April 2024 (39) March 2024 (176) February 2024 (153) January 2024 (139) December 2023 (136) November 2023 (169) October 2023 (179) September 2023 (170) August 2023 (144) July 2023 (146) June 2023 (130) May 2023 (112) April 2023 (132) March 2023 (169) February 2023 (123) January 2023 (103) December 2022 (97) November 2022 (128) October 2022 (118) September 2022 (109) August 2022 (64) July 2022 (90) June 2022 (90) May 2022 (92) April 2022 (83) March 2022 (85) February 2022 (74) January 2022 (73) December 2021 (53) November 2021 (95) October 2021 (84) September 2021 (75) August 2021 (60) July 2021 (48) June 2021 (69) May 2021 (36) April 2021 (34) March 2021 (48) WingsWingsSelect CategoryCaptureCarbon AccountingCarbon Capture StocksCarbon MarketsCompaniesDaily BriefDirect Air CaptureHydrogenHydrogen StocksInterviewsInvestmentOpinionPartner ContentPolicyPress ReleaseRemovalScienceStartupsStocksTechnologyUncategorized MetaLog inEntries feedComments feedWordPress.org Carbon Herald Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertising Carbon Herald Latest New Viridios Report Signals Impending Supply Crunch With CORSIA Launch Biochar Life And Siam Cement Group To Revolutionize Sustainable Construction Bipartisan Climate Caucus Asks EPA About CO2 Storage Permit Delays Romania Could Develop A Quarter Of The EU’s 2030 Carbon Storage Capacity агреена zurich insurance ZS2 Carbon MarketsPolicyNew Viridios Report Signals Impending Supply Crunch With CORSIA LaunchbyViolet GeorgeApril 8, 20242 minute read Total0Shares 0 0 0 0 0 0 0 Viridios Capital has just published a new white paper, which looks into the kick-off of the first phase of CORSIA and the very likely supply constraints that will follow.CORSIA, the Carbon Offsetting and Reduction Scheme for International Aviation, which was developed by the International Civil Aviation Organization (ICAO) and adopted by governments in 2016, is the first global market-based scheme designed to mitigate CO2 emissions from the international aviation industry. Namely, the scheme exists to deal with such emissions that cannot be addressed through technological or operational solutions, as well as via the use of sustainable aviation fuel (SAF) – through carbon offsets. Relevant: CORSIA Prices Jump After ICAO’s Conditional Approval Of Leading RegistriesUnder CORSIA, these offsets are known as Eligible Emissions Units (EEUs), for which, the report says, there is a steep increase in demand, now that the scheme has entered its first Phase, following the two-year pilot period from 2021 to 2023. CORSIA requires airlines with a total annual emissions count of more than 10,000 metric tons of carbon dioxide to monitor, report and verify (MRV) their emissions every year from 2019. Why Is Demand For CORSIA EEUs Skyrocketing?Phase 1 will run from 2024 to 2026 and will still remain voluntary for international airlines.Nevertheless, the white paper by Viridios examines the five major factors that are so fiercely driving demand for CORSIA EEUs in both the short and medium term, and these are:Rising emissions from aviation. Despite the noticeable decrease in flying over the past few years due to the pandemic, the sector has restored its activities to pre-pandemic levels, and its emissions are even expected to exceed 2019 levels this year. EEU supply shortage. As it stands, the exact carbon programs deemed eligible for EEUs are yet to be determined by the International Civil Aviation Organization (ICAO). Only a single carbon registry has received formal approval, while several others have received conditional approval. This, along with the lack of national carbon accounting standards, brings us to a place where EEUs that qualify for Phase 1 are currently non-existent. High competition for Corresponding Adjustment credits. Corresponding Adjustments (CAs), which will most likely be required for EEUs in Phase 1 to avoid double counting, will be in high demand not only among airlines. There is a strong probability there will be competition from other corporate buyers, as well as from governments. Mandatory participation in CORSIA Phase 2. The CORSIA Phase 2 is expected to become mandatory, which will most certainly lead to a demand spike. Airline retirement cycles. Many airlines are already beginning to prepare for the anticipated price hikes in the carbon markets and the inevitable supply constraints by making large carbon credit purchases. These carbon credits have a 3-year retirement cycle.Read the full report here. Read more: New Report From Viridios AI Shows True Size Of The Voluntary Carbon Market “The carbon market is about to explode,” Bertrand | RSS.com 0 0 0 CORSIAEEUsViridios CapitalLeave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment *Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ View Comments (0)Subscribe to Our Weekly Newsletter Get the Latest News About the Carbon Industry Subscribe By checking this box, you confirm that you have read and are agreeing to our terms of use regarding the storage of the data submitted through this form. Search Recent Posts New Viridios Report Signals Impending Supply Crunch With CORSIA Launch April 8, 2024 Biochar Life And Siam Cement Group To Revolutionize Sustainable Construction April 8, 2024 Bipartisan Climate Caucus Asks EPA About CO2 Storage Permit Delays April 6, 2024 Romania Could Develop A Quarter Of The EU’s 2030 Carbon Storage Capacity April 6, 2024 ICVCM Approves Gold Standard, ACR and Climate Action Reserve, Still Reviewing Verra April 5, 2024Social Links LinkedIn Twitter Facebook Related Posts Read More CapturePolicyRemovalBipartisan Climate Caucus Asks EPA About CO2 Storage Permit Delays Seven members of the House Bipartisan Climate Solutions Caucus have penned an official letter to the Administrator of…April 6, 2024 Read More Carbon MarketsICVCM Approves Gold Standard, ACR and Climate Action Reserve, Still Reviewing Verra Three major carbon market certifiers have achieved the standards developed by the Integrity Council for the Voluntary Carbon…April 5, 2024 Read More Carbon MarketsCompaniesPachama Lands Carbon Credit Purchase By Shopify In Brazil San Francisco-based climate tech startup Pachama has announced that Canadian e-commerce leader Shopify (NYSE: SHOP) has purchased carbon…April 5, 2024 Read More Carbon MarketsPress ReleaseNew Carbon Credit Program Introduced By Isle Of Man Environmental Group A charity focused on protecting the environment has introduced the first carbon credit project on the Isle of…April 4, 2024 Carbon Herald About usContact UsMedia Kit Published by Net Zero Communications Ltd – Company No. 13165965 Total0Share 0 0 0