Likano and Econetix Secure Letter of Authorization for CORSIA-Eligible Carbon Credits in Rwanda
Vienna, Austria, 5 August 2026. Econetix, a leading global carbon asset manager, announced that the Government of the Republic of Rwanda, through the Rwanda Environment Management Authority (REMA), its Designated National Authority for Article 6, has issued a Letter of Authorization for up to 1,766,234 tCO₂e from the Rwandan Improved Cookstove Project, a Verra-certified project (VCS 2984). The authorization covers emission reductions that occur between 1 September 2022 and 31 August 2027 and is renewable once. It authorizes the units for international transfer under Article 6 and for use as CORSIA eligible units, with a corresponding adjustment to be applied by Rwanda and reported in its Biennial Transparency Report under Article 13 of the Paris Agreement to prevent double counting. The majority of the authorized volume falls within the vintages eligible for CORSIA’s first compliance phase (CP1).
The project is developed by Econetix’s project partner Likano, with Econetix holding the right to market and sell the authorized units.
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. The Government of Rwanda has demonstrated remarkable leadership in this process, positioning the country as a destination for high-integrity carbon finance. This collaboration underscores what is possible when host countries and commercial partners work together with shared ambition.
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 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. Airlines need volume, pricing clarity, and planning security.
With Rwanda, Econetix adds up to 1,766,234 tonnes of authorized supply at competitive prices under full Article 6 authorization.
The World’s Strongest CORSIA Pipeline
Rwanda joins Econetix’s landmark LoA in the Democratic Republic of the Congo, with Uganda, Tanzania, Malawi, and further countries set to follow, and more than ten projects advancing through authorization. Econetix is building the leading CORSIA pipeline in the market, covering 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 labeling, 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:
“The Rwandan Improved Cookstove Project is exactly how our model should work: cleaner cooking for households on the ground, and high-integrity, CORSIA-eligible supply for the aviation market. Securing this Letter of Authorization is one of the hardest steps on that path, and it authorizes up to 1.77 million tonnes of volume.
None of this happens without the right partner on the ground.
In Likano we have found a strong project partner that lets us scale this project much further. We are now beginning to invest millions of dollars alongside them in Rwanda, because we are convinced this market will grow well beyond CORSIA compliance phases one and two.”
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 the Rwanda Environment Management Authority (REMA), Rwanda’s Designated National Authority for Article 6. Ref. REMA/DG/2124/2026, dated 28 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.
