Extinction Rebellion takes on heliports in Manhattan during a week of climate action.
This post, written by renowned eco-journalist Christopher Ketcham and commissioned by and published in Truthdig on Sept. 15, describes an action I helped organize and participated in, two days earlier. We repost it here, with permission, because it highlights a rare climate protest that targets fossil fuel “demand” rather than supply. And not just ordinary fuel usage but an egregiously selfish and exclusive one: helicopter travel.
“Helicopters are a pestilence to New Yorkers and a rotten pinnacle of an economic system that places decadent pleasure over planetary survival,” I declaimed in the XR press release. True externality pricing would shut down the vast majority of helicopter transportation. Absent, or alongside that, last week’s direct action was an attention-getting way of connecting the climate crisis to luxury emissions.
— Charles Komanoff, Sept. 20, 2023.
* * * * * * * *
The Extinction Rebellionists mustered south of the heliport on the west side of Manhattan at around 2 p.m., just as the sun emerged following a flurry of rain. It was hot when the crowd of 40 people moved as one to stop the howling machines based at Blade Lounge West, a commercial heliport on 30th Street along the Hudson River Greenway. The outsized carbon footprint of those who used the heliport was “obscene,” said the organizers. The afternoon’s goal was to make as much trouble for its operations as possible.
One of the organizers of the action, a 75-year-old energy economist named Charles Komanoff, was prepared to be arrested. He told me he had been feeling unsteady that morning, jittery and fearful, as he handed me his rain slicker and water bottle and backpack to hold.
Months earlier, he had explained his reasons for wanting to shut down helicopter traffic in his native city. “New Yorkers hate helicopters,” Komanoff wrote in an email to Extinction Rebellionists:
Tourist helicopters, Hamptons helicopters…. They hate the noise, the fumes… the arrogance, the power to pollute, the power to act as lords. I hate them too, for those reasons, plus this: helicopters epitomize luxury carbon. They are the essence of the consumption that must disappear *now* if we aim to protect Earth and preserve climate.
Now, Komanoff and his fellow Rebellionists picketed at the vehicle entry to the Blade Lounge West, which is owned and operated by Blade Air Mobility, Inc. They unfurled a banner that said LIFE OR DEATH, and waved XR flags that whipped in the wind, and one pushed a stroller with three baby dolls in it, with a note that read, “Will we have enough food to eat? Can crops survive the heat?” They chanted Helicopters, private planes, your emissions are insane. (They are also profitable: Blade Air Mobility’s $61 million in revenue in 2023 was up 71% on the year.)

Komanoff and I had written an editorial together in 2022 about the absolute need to kill luxury emissions as the stuff of gluttony and entitlement. “‘Keep it in the ground’ protesters confine their blockades to energy supply infrastructure and studiously ignore the demand half of the equation,” we wrote. “This has been a shortcoming of the climate movement for too long, as it passes up one opportunity after another to rouse millions against the class that, even more than the corporations of Big Carbon, perpetuates the climate crisis: the world’s wealthy.”
The protest unfolded in the genteel way of these things. There were cyclists and joggers on the greenway, and tourists walking, and in the glint of the sun off the rippling water, many passersby stopped and asked what was happening. Two elderly women wanted to participate. One of the women, 72-year-old Mireille Haboucha, an Egyptian, told the protesters, “We agree with your action. This is what we all need to do.” The friend with whom she was strolling, Barbara Schroder, 75, told me, “We had never thought about luxury emissions, but it makes sense to stop it.”
I asked a 29-year-old lawyer named Dominique why she was there. It was her first climate action, and she asked that her last name not be used. “I’m morally obligated,” she told me. In that feeling of obligation there was great anger. “There are 30 million people in Pakistan homeless because of floods that happened there a year ago. Thirty million that are homeless because people like the assholes we are seeing today need to take helicopters.”
Dominique was reminded of Hannah Arendt’s observation, in “Eichmann in Jerusalem,” a book about the Nuremberg Trials, that complacency seemed to be the main evil which allowed the Holocaust to happen — the world, and especially Germans, just not caring enough to stop the Nazis. “Part of the moral obligation for me is that we are on the brink of, are already in, mass climate genocide,” she told me. “I do not want to be the modern-day equivalent of a complacent 1930s German.”

The night before, at an XR body blockade training event in Brooklyn, a 56-year-old retired schoolteacher told me that, on her farm in Wallkill, in the Hudson Valley, the entire oat crop had failed. First there was drought, in April, then flooding in June. That was one of many reasons she was at the heliport. She’d been arrested seven times since 2019 for similar actions.
The helicopter traffic did not cease, although the protesters succeeded in blockading the entrance to the parking lot. The CEO of Blade Air Mobility, Rob Wiesenthal, a dapper little man who makes $11.9 million a year, seemed shocked that his poor heliport had been targeted. The executive stood and watched the protesters with a look of despair on his face. A chopper came blasting in, touching down with a monstrous flatus sound and carrying with it the stink of jet fuel. Then another and another arrived, their disgorged passengers forced to cut through the crowd of flag wavers and shouters of chants to waiting mammoth SUV taxis that were blocking road traffic because they couldn’t enter the parking lot. (Climate action should involve stopping the SUVs, too, I thought to myself.)
I screamed a question to Wiesenthal over the racket. He smiled and said he had nothing to say to the media on the record. His employees were enraged. One of them got in a scuffle with a press photographer on hand for the event, trying to grab his camera, cursing and threatening him. A scowling heliport attendant named Anthony Smith told me, “I called my boys from uptown and they’re gonna take care of this real quick. You’ll see.”
The skies cleared fully, and the sun blazed down, and the protesters knitted their sweaty brows in the heat. Still they picketed and chanted and sang and hurled slogans. A National Guard helicopter, enormous and looking like a black metal buzzard, swooped in, bathing us in poisonous fumes. “Those your boys?” I asked Smith. “Oh yeah,” he said. But the black chopper touched the tarmac for less than a minute, then powered up again and was gone in a fury of rotor wash and noise. More helicopters came, Hueys from JFK Airport ($225 one way) and Newark International ($245) and the Hamptons ($1,025).

After an hour and a half, 40 or so officers from the New York Police Department’s Strategic Response Group arrived bristling with zip ties. Warnings were issued to cease blocking the way, and some of the protesters — the green and yellow teams, as they were called — stepped aside. The red team, which included Komanoff, a 75-year-old woman named Alice, a 60-year-old woman named Heidi, a third woman, Shoshana, and two young men — stood firm, for their intent was to be arrested in symbolic revolt. The cops turned them around, zip-tied their wrists and off they went in a cramped police van. The protesters dispersed. Wiesenthal breathed relief. His faithful employees bumped fists.
What was accomplished? Morale-boosting, the fostering of solidarity and sense of unity of purpose; the building of a community, ready for more action. When the six arrestees were released from the 7th Precinct, they were smiling and proud, and a group of fellow protesters was waiting for them at a nearby restaurant and filled the place with wild applause as they entered. My thought was this crowd needs to gather on a daily basis at West 30th Street. Pain should be felt over and over at Blade Lounge West until its operations become untenable, until Mr. Wiesenthal’s despair is permanent. It’s either that, or what some in the movement say is the next needed step: monkeywrench the choppers and destroy them on the tarmac.
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Who Will Drive the Next Wave of Carbon Credit Demand? Insights from AlliedOffsets
The voluntary carbon market (VCM) lets companies buy carbon credits to offset their greenhouse gas emissions. AlliedOffsets, a data and technology firm for carbon offsetting, tracks this market closely. Their database covers more than 36,000 projects, over 28,000 buyers, and billions of tons of carbon that have been issued or retired.
The VCM is growing fast. Over the last five years, most buyers have come from technology, telecommunications, and energy. Other sectors, like industrials, manufacturing, financial services, and aviation, also participate, though in smaller amounts.
The United States, the United Kingdom, France, Germany, and Japan have the most buyers, showing that developed countries lead the market.
As the market grows, new companies and sectors are expected to join. AlliedOffsets studied over 130,000 companies to predict who will likely buy carbon credits next. This helps sellers, project developers, and policymakers focus their efforts where demand is likely.
LtB Model: Predicting the Next Wave of Credit Buyers
AlliedOffsets uses a model called Likelihood to Buy (LtB). It looks at companies active before and since 2024, and even those that have never bought credits publicly. The company stated:
“Ranking specific companies’ likelihoods and identifying patterns in their unifying traits informs market suppliers and intermediaries about who to pivot engagement towards. Understanding the features that play the greatest roles in determining companies’ likelihoods, meanwhile, is vital for highlighting wider drivers for the growth of the market, which serve as levers for policymakers and signals for companies themselves.”
The model includes data from 36 global registries, covering both non-anonymous purchases and retirements. It looks at several key factors that affect a company’s likelihood to buy, including:
- Abatement potential – how easy it is for the company to reduce emissions.
- Data center usage – companies with large data centers use more energy and may buy more credits.
- Headquarters country – companies in the US, UK, and China lead predicted purchases.
- Internal carbon pricing – companies with higher carbon costs buy more credits.
- Net-zero targets – companies with short-term or long-term climate goals are more likely to buy.
- Sector – aviation, energy, and tech tend to buy more due to rules and public pressure.
- Annual profit or loss – profitable firms are more able to purchase carbon credits.

The model also uses SHAP analysis to show which factors influence predicted buying the most. Companies that recently bought credits are weighted higher. Some sectors, like aviation, are manually marked as high-likelihood because of rules like CORSIA, which requires airlines to offset emissions.
AlliedOffsets also separates companies into new entrants and returning buyers, helping track demand trends.
Forecasted Carbon Credit Demand
AlliedOffsets predicts that new and returning buyers will need about 281 million credits per year. This comes from over 11,500 companies with characteristics similar to current buyers.
The demand by project type is expected to have this composition:

Demand for forestry projects is rising, partly because of forward contracts, which made up 55% of the 147 million credits negotiated in 2025.

By country, the greatest demand will come from the U.S., China, UK, France, Germany, and Brazil.

Aviation will be a big factor because airlines must offset emissions under CORSIA rules. Energy and technology companies in the US, like AT&T, IBM, and Ingram Micro, are likely to enter or re-enter the market.
Moreover, new entrants will expand the buyer base, per AlliedOffsets analysis. These include consumer goods, professional services, healthcare, and industrial firms. Many come from countries with fewer buyers so far, like Turkey and Belgium.
Financial Impact of Returning and New Buyers
AlliedOffsets estimates that new and returning buyers will spend around $2.27 billion per year. Sector contributions are expected as follows, with aviation and energy leading the pack:
- Aviation: over $800 million per year (about one-third of total).
- Energy and Technology & Telecommunications: substantial ongoing purchases, over $300 million a year.
- Consumer services, industrials, financial services, professional services: smaller but steady spend.

Returning buyers bought nearly 7 million credits in previous years. ExxonMobil accounted for 66% of these purchases through both forward contracts and OTC deals. Other companies, like ArcelorMittal, invest in low-emission technology, reducing the need to buy credits.
New entrants, especially airlines, will increase activity. Credits purchased for CORSIA compliance must match emissions for international flights to and from ICAO member states.
Overall, growth in both returning and new buyers shows that corporate demand for carbon credits is likely to rise sharply. Companies that belong to initiatives like RE100, SBTi, Race to Zero, or NZBA are more likely to participate in the voluntary carbon market.
A Turning Point and Future Forecasts: Supply, Demand, and Policy Drivers
In 2025, the voluntary carbon credit market saw big changes. Total retirements fell to about 168 million tonnes, and new issuances dropped to around 270 million tonnes, the lowest since 2020.
Despite this, spending rose to roughly $1.04 billion, up from $980 million in 2024. The average price per credit also climbed to about $6.10, showing that buyers are paying more for high-quality, trusted credits rather than just buying large amounts.

Companies are now choosing credits with strong monitoring and real climate impact. Nature-based projects, like afforestation and reforestation, did better than older REDD+ credits.
Forward contracts also grew, with over $12 billion signed in 2025, even though these will deliver only about 10 million credits a year through 2035. This shows that many companies want to secure the future supply of trusted credits. These trends match forecasts from AlliedOffsets, where demand is expected to rise for durable, high-quality carbon credits.
AlliedOffsets keeps expanding its database, now covering over 60,000 companies. Adding historical emissions data and checking with initiatives like the Forest Stewardship Council and Science Based Targets will improve forecasts.
Analysts expect supply limits may appear in forestry and land use projects as demand grows. Engineered removals, chemical processes, and industrial projects will also get more attention. Large investments by companies like Google and Amazon, which pledged $100 million to superpollutant removal projects by 2030, are expected to drive this.
Returning and new buyers, led by aviation, energy, and tech, will shape the next wave of demand. Understanding these patterns helps policymakers, intermediaries, and project developers plan supply and engagement strategies.
The voluntary carbon market is entering a new growth phase, driven by rules, climate commitments, and better forecasting tools. With models like Likelihood to Buy, market participants can plan ahead. Forestry, renewable energy, and industrial projects are likely to see the biggest benefits as corporate demand grows worldwide.
- READ MORE: The Carbon Credit Market in 2025 is A Turning Point: What Comes Next for 2026 and Beyond?
The post Who Will Drive the Next Wave of Carbon Credit Demand? Insights from AlliedOffsets appeared first on Carbon Credits.
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