The spot market for the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia)’s Phase 1 has tumbled over the past month, as regulatory uncertainty dampened demand.
The EU has yet to finalize additional criteria for Corsia compliant credits used to fulfil obligations under the current phase, and a draft of proposed criteria suggest nearly all of the existing CP1-tagged supply could be left out of the EU market. The European Commission is also set to submit an opinion in July on whether Corsia is sufficient to meet the bloc’s targets - another decision the whole world has set eyes on.
In this webinar, we examine the key factors driving fundamentals and policy, and explore how the future for this market could look.
Listen to Argus carbon market experts discuss:
Erisa Senerdem is the global lead for carbon markets at Argus and oversees the global coverage of compliance and voluntary carbon markets under the Argus Carbon service. Erisa has been with Argus for over 11 years and previously covered biomass, power, natural gas, coal and petroleum coke markets. She has 13+ years of experience in energy and commodity markets. Prior to Argus, Erisa worked as a researcher, university lecturer, journalist and parliamentary consultant for EU legislation. She holds a Ph.D. in economics, with a special focus on power markets reform.
Alexandra Luca is a reporter covering voluntary carbon markets and Corsia at Argus Media and has previously reported on the hydrogen market. Prior to Argus, Alexandra has worked as a mainstream journalist. She holds a Gold Standard NCTJ certification and has a Philosophy, Politics and Economics degree from the University of Warwick.
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