CORSIA Represents US$ 8.5 Billion Opportunity for ASEAN Member States

A report by Boeing, GenZero and Abatable estimates that ASEAN Member States could generate up to US$8.5 billion over the next decade by supplying CORSIA Eligible Emission Units. ASEAN currently provides 2.6 million CEEUs from four projects in Cambodia and Lao PDR, representing 7% of global supply. This could rise eightfold to 20.8 million units if governments issued Letters of Authorization to 54 CORSIA-aligned projects, including 24 in Viet Nam, 11 in Thailand and eight in Myanmar. Prioritising another 100 projects could add 302 million units and support 32,000 jobs. The report recommends mapping potential supply against NDCs, improving cross-ministerial coordination, establishing positive lists and piloting LoAs. It also encourages airlines to develop procurement strategies, conduct pilot transactions and diversify supply. Singapore Airlines and Scoot have already retired 150,000 CEEUs, while Malaysia Aviation Group has conducted purchasing pilots and established a procurement framework.
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