Guyana has earned the distinction of being issued the world’s first Carbon Credits that will be eligible for use by airlines in their pursuit of the reduction of global emissions.
This announcement was made yesterday in an Architecture for REDD+ Transactions (ART) Guyana release which also informed that ART issued 7.14 million 2021 vintage carbon credits to Guyana yesterday as the Government of Guyana simultaneously announced the world’s first Paris Agreement corresponding adjustment, which was authorized and reported to the United Nations Framework Convention on Climate Change (UNFCCC).
The release explained that this process fulfills requirements to label the credits as the world’s first that are eligible for use by airlines toward their targets in the 2024-2026 phase of the Inter-national Civil Aviation Organization’s (ICAO) global emission reduction programme, CORSIA [Carbon Offsetting and Reduction Scheme for International Aviation]
