April has proven to be a significant month for DelAgua’s presence in the international carbon markets arena. With representatives attending two of the sector’s most closely watched gatherings, the Argus Asia conference in Singapore and the IETA European Climate Summit. The company continues to occupy a prominent position at the forefront of CORSIA compliance discussions and the broader voluntary carbon market.
David Kitt represented DelAgua at the Argus Asia conference, joining Win Sim Tan – Verra’s Regional Representative for Asia and the Pacific on a panel titled “CORSIA Pathways: Credits, SAF and Cross-Sector Options”, moderated by Erisa Senerdem, Argus Global Lead for Carbon. The conversation addressed the evolving compliance landscape across the region with both technical depth and commercial candour.
Win Sim Tan outlined the new CORSIA supply coming to market and spoke to the importance of clear tagging guidance recently released by Verra. The discussion traversed the two distinct compliance pathways those with insurance and those without and the implications for project developers and airlines navigating eligibility requirements.
David elaborated on the insurance pathway, stressing the critical need for clear reporting guidelines within Biennial Transparency Reports from the UNFCCC. A recurring theme during the exchange between the two panellists was the difficult position project developers currently find themselves in caught between registries and governments, each pointing to the other when it comes to resolving outstanding policy questions. Both speakers agreed that greater dialogue between these institutions is urgently required.
DelAgua’s CORSIA-eligible credits held relevance throughout the discussion. The first to receive Phase 1 eligibility tags on the Verra registry, they served as a key reference point when panellists examined available supply and compliance readiness. The conversation also noted a notable development: retirements from Asian airlines in the fortnight preceding the conference, alongside the CORSIA tagging of Madagascar WeACT credits, are tangible signals that this market is becoming more liquid. Supply is set to continue growing, and demand while still building is beginning to show real momentum.
Audience questions centred on the dynamics of supply and demand, and on a concern that continues to shadow the market: how to get airlines engaged and purchasing CEEUs today rather than wait until the compliance deadline of January 2028? It is a question without a clean answer today, but one the industry knows it must resolve.
IETA European Climate Summit: Optimism, Urgency and the Demand Question
Rory McDougall attended the IETA European Climate Summit, participating on a panel titled “Scaling CORSIA in 2026: Challenges and Opportunities Affecting the Market”. The central challenge discussed across sessions was how to meaningfully engage airlines with CORSIA and translate awareness into purchasing activity. While the last six months have seen significant supply come to market, the corresponding increase in demand and transaction activity has not yet materialised at the same pace. The message from participants was unambiguous: airlines cannot afford to wait until Q4 2027 to begin purchasing CEEUs. The window for orderly procurement is narrowing, and the market is watching closely.
One encouraging development noted at the summit was early signs of increased demand for BBB+ rated cookstove projects. While still in early stages, this uptick is a positive indicator for the types of high-quality, high-impact projects that define DelAgua’s portfolio. The cookstove sector’s capacity to generate CORSIA-eligible credits at scale combined with the co-benefits they deliver to communities positions these projects well as buyer sophistication increases.
Taken together, the mood at the IETA summit was one of cautious but real optimism. The structural pieces of the CORSIA market are falling into place. Supply has grown materially. Regulatory clarity, while still evolving, is improving. And the first signals of demand are beginning to emerge.
What is clear from both events is that the CORSIA market is transitioning from a framework in development to a framework in motion. DelAgua’s early-mover position with credits already tagged and eligible, retirements already occurring, and a track record of engagement with the regulatory process means the company is well placed for what comes next. The conversations happening in conference rooms in Singapore and across Europe are the conversations that will shape this market for the decade ahead. DelAgua intends to remain at the table.
