Corporate deal24 March 2026

Japan Airlines retires 180,000 Gold Standard credits for CORSIA compliance

Japan Airlines, supported by Shell, completed the first large-scale retirement of Gold Standard carbon credits for Phase 1 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The transaction involved 180,000 credits from two cookstove projects: 130,000 from the Biomass Energy Conservation Programme in Malawi and 50,000 from Efficient and Clean Cooking for Households in Tanzania. This retirement follows a smaller transaction by Skyservice Business Aviation, indicating that airline compliance activity for CORSIA is now underway. Gold Standard has labelled nearly two million credits as eligible for CORSIA Phase 1, with further retirements expected ahead of the January 2028 compliance deadline.

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