As of 2024, most emissions from the world’s largest airlines are now subject to mandatory compliance under the CORSIA program. Emissions beyond a 2019 baseline must be compensated for; airlines have the option to utilize CORSIA-approved carbon credits or reduce emissions by adopting cleaner fuels. The choice lies with them, while the economics are ours to scrutinize.

There has been tremendous investment, target-setting, and capacity growth for Sustainable Aviation Fuels (SAF), whilst the CORSIA approvals process remains ongoing and has yet to produce a final defined class of eligible credits. Yet the race is not yet run, and the speed of SAF adoption will be meted by the use of CORSIA credits.

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