Reporting and opinion by Mathew Carr

June 21, 2025 — CORSIA carbon moves slightly higher as G20 says global carbon market’s time has come.

Market still has deep troubles that have been deliberately deployed the past 35 years to extend the era of fossil fuels.

The price of $17.36 a ton this week compares with previous high levels of $17 a ton in July last year.

CORSIA stands for Carbon Offsetting and Reduction Scheme for International Aviation. It is a global market-based measure established by the International Civil Aviation Organization (ICAO) to address carbon dioxide (CO2) emissions from international flights. CORSIA requires airlines to offset their emissions growth above 2019 levels by purchasing carbon credits.

It’s essentially voluntary at this point …not mandatory (which will go down in history as a colossal failure by our political and UN [so-called] leaders).

Here is evidence of the market still being demonised (by undemocratic committees/councils) to extend the era of deadly unabated fossil fuels …Zimbabwe suffers because of the west, surprise surprise:

(Also our failing political and corporate “leaders” are ordering last-century planes again…decisions which history will show are treasonous to the world’s people. This means the carbon markets will need to do more of the climate-transition work … pushing market/futures prices higher.)

Integrity Council for the Voluntary Carbon Market (ICVCM) — here are the people behind it …the structure SEEMS somewhat representative ….yet Americans — most responsible for the climate crisis — still hold many of the important roles …weird, right?

Many of the people have overseen the past 35 years of climate-action failure. Are these really the right people to be in charge in 2025?

The structure is so complicated no single person will ever be held to account for their super-important decisions.

A reformed UN needs to take charge from ICVCM ASAP.