JetBlue Buys CORSIA-Eligible Carbon Offsets on ACE Platform

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November 25, 2020

By admin

U.S. based airline JetBlue bought CORSIA-eligible carbon offsets Wednesday on the just launched Aviation Carbon Exchange (ACE) trading platform, owner International Air Transportation Association (IATA) said in a press release Wednesday. ACE is operated by CBL Markets, in connection with its legacy trading platform. JetBlue bought Verified Carbon Units (VCU) registered under the Verra Program from the Larimar Wind Project in Dominican Republic. The construction of the first phase of the project started in early 2015, and operations began in August 2016. The project’s start date qualifies it as eligible for compliance in the pilot phase of the UN’s aviation decarbonization scheme known as CORSIA. It was the first transaction on ACE.