This report provides detailed information about the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the challenges and opportunities for developing countries in Asia and the Pacific to benefit from the scheme as a source of carbon offsets. It includes an analysis of the offset demand outlook in the context of the novel coronavirus pandemic. The report is targeted to climate policy makers and carbon offset suppliers in the region and aims to contribute to policy development that supports the supply of carbon offsets to international aviation.