Emerging regulated markets such as Article 6 of the Paris Agreement and CORSIA, alongside standard-setters, could determine the quality, supply, and prices of carbon credits in the long term, a new report suggested.

Ten years after diplomats sealed the Paris Agreement, veteran negotiators and former UN climate leaders are calling for changes to make it more effective – with some suggesting an overhaul of the accord itself, while others eye stronger moves within the framework to bolster implementation.

Fiji finance – Fiji has released a sustainable finance roadmap to align its financial system with national climate and development goals. Developed by the Reserve Bank of Fiji (RBF), the country's environment ministry, and UNEP, the roadmap focuses on improving ESG risk disclosure, scaling sustainable investments such as green bonds and climate insurance, and expanding access to finance for vulnerable groups. The document was prepared in consultation with national stakeholders including the finance ministry, the Fiji Development Bank, the Association of Banks in Fiji, and international partners.

The Azerbaijani and Brazilian COP presidencies on Wednesday launched the Baku to Belem Roadmap supporting the UN’s global climate finance goal, focusing on blended finance and incorporating many Global South-led proposals, with carbon markets around the edges.

A London-based carbon removal standard body has issued its first verified carbon removal credits facilitated by an new automated data sharing that accelerates the process.

A global oversupply driven partially by Indonesia’s rapid coal expansion in recent years now risks straining government coffers and company profits at a time when demand is projected to fall, according to a report released Wednesday.

A new report examined a dataset mapping approximately 1,500 policies aimed at cutting greenhouse gas (GHG) emissions and boosting carbon sequestration in agriculture, forestry, and other land use (AFOLU) sectors, stressing that further work is needed to evaluate their real impacts.

Governments are undermining CORSIA, the UN international aviation offsetting scheme, even though they agreed to create the market a decade ago, warned a trade body on Wednesday.

The potential of regenerative agriculture for improving soil’s ability to capture and store carbon is overlooked in many national commitments to the Paris Agreement, according to a report released Wednesday.

Jurisdictions and market stakeholders are invited to express their interest in piloting a new model for progressing the data standardisation of carbon credits and helping to scale global carbon markets.

Open for consultation - Malaysia Forest Fund (MFF) has opened a Request for Proposal (RFP) for experts and organisations to conduct an integrated review of the national REDD+ strategy and instruments that support the country’s climate commitments. Interested bidders must attend a briefing session on Nov. 11, and submit their proposals by the deadline of Nov. 17, the national agency announced on LinkedIn.

The engineering arm of Samsung Group has partnered with a carbon capture developer to deliver modular, scalable solutions globally, the companies announced Wednesday.

Indonesia will offer 40 carbon projects worth more than 90 million credits at COP30, offering a mix of forestry, energy, and waste-sector activities, as it looks to the UN climate summit in Belem to generate interest in its recently reopened carbon market.

Verra has released updated service level agreements (SLAs) for project review requests, introducing new levels of detail and complexity to provide clearer expectations for project developers, the standard announced this week.

Where the money flows - Japan’s public financing and corporate practices are shaping global fossil fuel flows and GHG emissions, with its export credit agency JBIC linked to emissions on a scale comparable to some of the world’s top polluting countries, according to recent reports by environmental group Friends of the Earth Japan. According to the non-profit, fossil fuel projects backed by JBIC in 2024 generated about 408 MtCO2e, placing the agency’s finance emissions above those of France, the UK, and Italy. It was also found that almost 65% of LNG handled by Japanese companies at the JBIC-financed Cameron LNG project was resold abroad rather than supplied to Japan, challenging the claim that Japan’s overseas gas investments are essential for energy security.    

Tie up - Japan’s Mitsubishi Corp has acquired a minority stake in Bengaluru-based bio-methane producer KIS Group’s Indonesia unit, it said on Wednesday. The tie-up will see KIS tap Mitsubishi’s network in more than 90 countries to scale its BioCNG and BioLNG technologies, including planned expansion into North and South America and Europe over the next five years. KIS, which has long-term biomethane supply contracts with Unilever and Shell, also counts Toyota, Godrej, Sinarmas, Banas Dairy, and Maruti Suzuki among its clients. The company said it is developing biogas and biofuel projects across 11 countries and plans to invest $1 bln in renewable gas and biofuel solutions in Southeast Asia and India by 2030.

The chair of Australia’s carbon integrity body has confirmed the review into the 2021 soil organic carbon methodology will be completed by the end of the year.

Stranded assets – India’s Ministry of Power has asked the country’s renewable energy-implementing agencies, including Solar Energy Corporation of India (SECI), NTPC, and NHPC among others to either secure buyers for about 50 GW of clean-energy projects which currently lack off-takers, or cancel the relevant tenders as a last resort, Business Standard reported. Under the directive, these agencies may be allowed to sign power-purchase agreements (PPAs) directly with developers, bypassing the usual buyer-side agreement, to accelerate stranded projects. The move follows concerns over unfinished transmission lines, regulatory delays, and utilities’ unwillingness to commit to offtake deals, which have left a large share of awarded projects un-commissioned.

Conversion ban kicks in – Legislation restricting the conversion of farmland to forests under New Zealand’s ETS has taken effect, the government said on Wednesday. Passed in September, the amended legislation restricts how much farmland can be converted to exotic forestry in the ETS based on the land-use capability (LUC) class system, with some transitional exemptions. The government’s statement came a day after it unveiled a carbon removals assessment framework, covering nature-based removals as well as engineered, alongside a package of changes to the country’s climate policies, which caused prices to drop 20% on Wednesday morning.

A pilot initiative that digitally links nature measurements to Australian Carbon Credit Units (ACCUs) has labelled its first credits issued to a project, it announced Wednesday. 

Deepening the partnership – South Korean steelmaking major Posco has decided to expand its cooperation with Norwegian multinational energy company Equinor in several sectors, including offshore wind, steel supply, and LNG. Posco has been operating a 14.5 MW solar power facility and a 62.7 MW onshore wind farm in Sinan, Jeollanam-do, and is developing a 300 MW offshore wind farm in the nearby waters. Meanwhile, Equinor is working on a floating offshore wind project off the coast of Ulsan.

Biochar project - Tokyo-based developer Green Carbon has signed a MoU with regenerative agriculture solution provider Living Roots to push for the commercialisation of biochar-derived organic fertilisers for rubber plantations in Thailand and other Southeast Asian countries, according to a company statement released this week. They aim to build a supply system capable of providing more than 3,000 tonnes of biochar annually, and work on a solution that can create carbon removal credits.