Climate Action Reserve operationalises CORSIA insurance pathway for carbon credits

The Climate Action Reserve (CAR) has published criteria for insurance mechanisms to enable Climate Reserve Tonnes (CRTs) issued from 2021 onwards to be eligible for CORSIA. Developed with Howden, the framework addresses situations where host countries have not authorised corresponding adjustments or where confirmation of adjustments is pending. This pathway allows project developers and buyers to pursue CORSIA eligibility before host countries publish Biennial Transparency Reports, while safeguarding against double claiming. CAR has also revised its credit-labelling system, introducing 'Article 6 Authorized' and 'CORSIA Eligible-Authorized' designations, with the latter requiring an approved insurance mechanism and a Deed of Undertaking. CAR expects to release a list of approved insurance products and a CORSIA Deed of Undertaking in the coming weeks.