Econetix Secures the Largest LoA Ever Granted to a Private Company: 10 Million Tonnes Authorized in Uganda, Taking Econetix to 12.5 Million Tonnes Across Three Countries
Vienna, Austria, 10 August 2026. Econetix, a leading global carbon asset manager, today announced that the Government of the Republic of Uganda, through the Ministry of Water and Environment acting as Designated National Authority for Article 6, has issued a Letter of Authorization for up to 10,000,000 tCO₂e (vintages 2025 to 2030) to Econetix GmbH as authorized entity. The authorization covers the Empower Communities Through Clean Energy programme and associated cookstove projects. It is the largest single Letter of Authorization ever granted to a private company, behind only national jurisdictional programmes in overall scale. Econetix is the first carbon asset manager to receive an LoA in Uganda.
The LoA was signed within 48 hours of the Rwanda authorization secured by Econetix and its project partner Likano. Together they take Econetix to signed Letters of Authorization in three countries: the Democratic Republic of the Congo (750,000 tCO₂e), Rwanda (1,766,234 tCO₂e) and Uganda (10,000,000 tCO₂e), a combined 12,516,234 tCO₂e of authorized, CORSIA-eligible volume. That is one of the largest authorized CORSIA supply positions any private company has built, anchored by the single largest private LoA ever granted to date.
Econetix thanks the Government of Uganda and the Ministry of Water and Environment, from Hon. Minister Kahinda Otafiire (Maj. Gen.) to the Climate Change Department and the Designated National Authority team, for a longstanding and trusted relationship. The Ministry has demonstrated remarkable leadership, moving proactively to position Uganda as a hub for high-integrity carbon finance.
With an authorization of this scale comes responsibility. Econetix sees it as its mandate to help position Uganda in the global carbon market and to ensure the resulting benefits reach the country and its communities: through clean cooking and energy access, local jobs, and measurable climate, economic and social impact.
Letter of Authorization
A Critical Step Toward CORSIA Eligibility
Obtaining a Letter of Authorization is widely recognized as one of the most complex and critical steps on the path to CORSIA eligibility, requiring alignment with a country’s Nationally Determined Contributions, coordination with national regulatory authorities, and deep on-the-ground engagement.
A Market That Needs What Econetix Delivers
The numbers are stark. IATA expects airlines to purchase upwards of 200 million CORSIA-eligible emissions units for CORSIA Phase 1, at an estimated cost of USD 4 to 5 billion, within a forecast range of 170 to 236 million units. Based on the 2024 Sector’s Growth Factor of 15.4 percent published by ICAO, the global offsetting requirement for 2024 alone amounts to approximately 56 million tonnes. Yet only a handful of countries worldwide have issued CORSIA-usable LoAs, and roughly 38 to 40 million units are tagged for Phase 1 today. At 10 million tonnes, the Uganda authorization is a genuine step change in available supply. Econetix delivers exactly that: 12.5 million tonnes of authorized volume across three countries, at competitive prices, under full Article 6 authorization with corresponding adjustments committed by the host countries.
The World’s Strongest CORSIA Pipeline
With Uganda, Econetix now holds Letters of Authorization across three host countries, the DRC, Rwanda and Uganda, totalling 12,516,234 tCO₂e of authorized, CORSIA-eligible volume, with Tanzania, Malawi and further countries set to follow and more than ten projects advancing through authorization. Econetix is building the strongest CORSIA pipeline in the market: multi-million-tonne volumes that translate into a billion-dollar supply opportunity for the aviation sector.
Every project follows the same proven approach: project development, host country authorization under Article 6, BTR or insurance pathway to CORSIA labelling, and commercial structures designed for large-volume buyers at competitive prices. Econetix is investing millions into African carbon projects, creating measurable climate, economic and social impact while building supply infrastructure at scale.
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Jakob Zenz, CEO of Econetix, commented:
“Ten million tonnes from Uganda is the largest single Letter of Authorization ever granted to a private company, and it is the first ever granted to a carbon asset manager in the country. I want to thank the Ministry of Water and Environment, from Hon. Minister Kahinda Otafiire to the Climate Change Department and the DNA team, for a longstanding, trusted partnership. With an authorization of this scale comes real responsibility: we see it as our mandate to help position Uganda as a leader in high-integrity carbon markets and to deliver measurable benefits for its people and communities. Together with our LoAs in the DRC and Rwanda, this takes Econetix to 12.5 million tonnes of authorized supply across three countries, and with more than ten projects in the pipeline, Uganda is a milestone, not a finish line.”
About Econetix GmbH
Econetix is a leading global carbon asset manager with offices in Vienna, Abu Dhabi and Kampala. The company originates, certifies and commercializes high-integrity carbon credits for CORSIA and Article 6 compliance markets. Econetix operates its own pipeline of certified projects across multiple African countries, managing the full value chain from project development through host country authorization to commercial execution. With boots on the ground in host countries, millions invested in project development, and a growing portfolio of executed transactions including its landmark supply deal with SCB Environmental Markets and other leading commodity houses, Econetix is one of the partners of choice for airlines and commodity traders seeking CORSIA-eligible supply at scale.
Authorization Reference
Letter of Authorization issued by Uganda’s Ministry of Water and Environment (Ref. ADM 259/310/01), signed by Hon. Kahinda Otafiire (Maj. Gen.), Minister of Water and Environment, dated 27 July 2026.
Media Contact
Martin Riegler, CSO & Partner
martin.riegler@econetix.net
+43 676 6116030
CORSIA is ICAO’s global compliance mechanism requiring airlines to offset CO₂ emissions above 85% of 2019 levels. Airlines must cancel eligible units for Phase 1 by 31 January 2028. A Letter of Authorization (LoA) under Article 6 of the Paris Agreement authorizes carbon credits for international transfer, with corresponding adjustments preventing double counting.
