Xpansiv, a leading infrastructure provider for global energy transition markets, has announced the launch of the standardized CBL GEO® CORSIA Compliance Phase 1 (GEO CP1) spot contract on April 29. This new contract will be traded on Xpansiv’s spot platform, CBL, and will be available simultaneously on partner markets such as the Aviation Carbon Exchange (ACE), operated in partnership with the International Air Transport Association (IATA), and the Johannesburg Stock Exchange’s JSE Ventures Carbon Market.
cercarbono.com

The launch coincides with the expansion of the supply of Eligible Emission Units (EEUs) under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), following the approval of additional standards and methodologies by the end of 2024 by the advisory body to the International Civil Aviation Organization (ICAO). ICAO projects that between 100 and 150 million tons of EEUs will be needed to meet the aviation sector’s pent-up demand for offsets during the first compliance phase.

John Melby, CEO of Xpansiv, highlighted that “the transition to the CORSIA compliance phase is a pivotal moment for the voluntary and compliance carbon markets, which are rapidly converging.” This development underscores Xpansiv’s commitment to creating innovative solutions that facilitate decarbonization and promote sustainability in the aviation industry.

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