JAKARTA, July 1 -- | With the right policy framework in place, ASEAN Member States could generate up to US$8.5 billion over the next decade from supplying eligible carbon credits to the United Nations' Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

This is the headline finding from a new report from Boeing, GenZero, and Abatable, which outlines the potential economic opportunity of ASEAN countries supplying carbon credits for CORSIA. The report provides recommendations for regional governments to realize this opportunity.

ASEAN Member States already supply 7% of the current global supply of CORSIA Eligible Emission Units (CEEUs): 2.6 million units from four projects in Cambodia and Lao PDR. The report finds ...