Core Insights - Base Carbon Inc. has received approval from carbon credit registry Verra for the CORSIA-compliant methodology VM0050 for its Rwanda Cookstoves project, marking a significant milestone for the company [1][2][3] Company Developments - The Rwanda Cookstoves project, developed by DelAgua Group, is transitioning to Verra's VM0050 methodology, which focuses on energy efficiency and fuel-switch measures in cookstoves [2] - Following the transition, the company anticipates holding approximately 1.0 to 1.2 million CORSIA-aligned carbon credits, which will be eligible for delivery into CORSIA and other compliance markets [3] - The CEO of Base Carbon emphasized that this transition enhances the value of the company's carbon credit inventory and positions it favorably in a market with increasing compliance obligations for airlines [5] Market Context - CORSIA requires international airlines to offset emissions growth above 85% of 2019 levels, creating immediate demand for CORSIA-eligible carbon credits [4] - Forecasts suggest that carbon credit prices in CORSIA Phase One (2024-2026) could rise to between US$26.00 and US$63.00 per tonne, indicating a structural shortfall in the current market [4]