Seagrass solutions - Bahamas’ Prime Minister Philip Davis addressed a climate finance reception in the UK Parliament last week, calling for stronger global investment in nature-based solutions. Speaking via a recorded message at the event, co-hosted by Bankers for Net Zero and Laconic Infrastructure Partners, Davis highlighted the Bahamas’ seagrass meadows as critical carbon sinks, and urged greater use of Article 6.2 cooperation, blended finance, and high-integrity carbon markets to protect ecosystems as global assets. Positioning the Bahamas as both vulnerable to climate change and a leader in solutions, Davis emphasised partnerships with the UK and international institutions to mobilise private capital and enhance resilience through the protection of marine ecosystems.

The prospect of linking the EU and British emissions trading systems (ETSs) creates further risks and uncertainty for the UK shipping industry, at a time when it is already straddling different rules and plans between the two sides and internationally, according to the UK Chamber of Shipping.

Somalia has committed to cutting its annual greenhouse gas emissions by 34% in 2035 compared to a business as usual baseline, provided it receives the right level of financing, according to the impoverished country's new Paris Agreement pledge.

An expert panel working on methodological elements of the Paris Agreement Crediting Mechanism (PACM) has proposed a 0.5-2.5% range over a 100-year period to define a "negligible" risk of reversal, in a bid to define a threshold for what is considered acceptable levels of permanence under new UNFCCC carbon crediting rules.

Copenhagen is keen to begin negotiations on linking the EU and UK emissions trading systems (ETSs) as quickly as possible, although how soon the two sides can reach an agreement depends on political will, an official from the Danish presidency of the Council of EU member states said on Monday.

And miles to go - China’s ETS is unlikely to cover aviation in the near term, despite signals that broader sectoral expansion is a government priority, according to David Ma, an independent consultant on energy transition and climate change. A recent policy directive confirmed that by 2027 the ETS will cover all major emitting sectors in the industrial domain, sidelining transportation, including aviation for now, given its rising emissions, complex MRV requirements, and relatively small share of national GHG output, Ma wrote. While regional pilots in Guangdong, Shanghai, and Beijing are experimenting with inclusion of aviation, structural and regulatory barriers exist at the national level. He argued that robust MRV systems, stable baselines, and stronger policy alignment will be required before the sector can join the ETS. In the meantime, the voluntary offset market - especially CCER - can serve as a transitional mechanism, enabling airlines to manage emissions and meet international obligations.

The third sale for Eligible Emissions Units (EEUs) is currently open for airlines who want to secure supply for Phase 1 (2024-26) of the CORSIA international aviation offsetting scheme, with a pool of 1 million credits available for bidders, the organisers confirmed to Carbon Pulse.

An association representing air transport operators has ramped up its carbon credit demand outlook for the Phase 1 (2024-26) of the CORSIA international aviation emissions offsetting scheme, with the updated forecast placing expected requirements at between 146 mln and 236 mln over the three-year period.

Appointing a COP31 co-president from Pacific countries and securing new green iron deals with China are some of the ideas that should be on Australia’s agenda if it successfully secures its bid to host COP31, according to a report released this weekend.

Building regional hubs for sustainable aviation fuel (SAF) production could help overcome challenges stymieing the sector’s growth, a conference heard on Monday.

New Zealand should take stronger action to meet its 2030 and 2035 international climate targets, including its politically vexing offshore mitigation issue, as it could boost the country's diplomatic and economic standing and competitive advantages, a conference heard Monday.