Paris Agreement Crediting Mechanism (PACM) standards will not make or break the voluntary carbon market (VCM), but sabotaging the commoditisation of carbon credits could, according to the co-founder of a PACM-accredited validation and verification body (VVB).

With COP30 right around the corner, Brazil is rushing to prove that the $125 billion global fund it proposes to reward the conservation of tropical forests is financially viable and attractive, and to respond to criticism about its complexity and risk-sharing model.

Bhutan is taking the "costly" and "moral" decision to remain carbon-negative over the next decade, and intends to advance international carbon trading to finance both emissions reductions and adaptation to climate change, according to its updated Paris Agreement commitment.

Better together - The Global Green Growth Institute (GGGI) and NH Investment & Securities (NHIS) have agreed to partner on boosting cooperation on climate technopreneurship. The programme was approved by the Green Climate Fund (GCF) Board in July 2024 and aims to create an incubation and scaling platform that supports and enhances local ecosystems for climate tech in emerging economies. Through the MoU, the two organisations will collaborate to connect local entreprenuers with global tech providers and investors, and foster a robust climate innovation ecosystem. It aims to combine GGGI's policy expertise with NHIS's financial networks and investment capabilities.

Indonesia on Monday submitted a new climate plan that opts for absolute emissions caps for the first time, setting a 2030 peak, but with a hefty price tag that Jakarta hopes to pay for by using Article 6 carbon trading and foreign finance.

The Global Green Growth Institute (GGGI) has agreed with a standard-setting body to collaborate on strengthening the integrity and effectiveness of global carbon markets, using joint certification tools and methodologies, they announced on Monday.

An African government has become the first to sign up for an AI-powered, blockchain-based platform designed to track implementation of the Paris Agreement, in a move it says will help to put the country's national carbon registry system in motion.

Just 0.6% of all aviation fuel supplied to EU airports last year came from sustainable sources – avoiding around 714,000 tonnes of CO2, according to a new report by an EU agency.

Member countries of the Japan-led Asia Zero Emission Community (AZEC) reasserted their commitment to addressing climate change while ensuring economic growth.

European Union countries may review their 2040 climate target every two years under a new compromise proposal, according to a draft document seen by Reuters, part of efforts to forge a deal before the COP30 international climate summit next month.

New focus - IRENA chief Francesco La Camera said COP30 in Brazil will likely feature new global targets for sustainable biofuels, Reuters reported. He suggested the summit could include a pledge to quadruple biofuel production by 2035 or set a share target for sustainable aviation fuel. But an analysis earlier this month showed that biofuels emit 16% more CO2 than the fossil fuels they replace once the effects of deforestation, soil degradation, and land-use change are accounted for.

Finance through Indonesia’s Just Energy Transition Partnership (JETP) is starting to flow, according to a draft progress report, as the programme shifts its focus to electrification and energy efficiency projects.