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.

UK U-turn? – The UK may not contribute to Brazil's $125-bln Tropical Forests Forever Facility (TFFF) despite previously positioning itself as a champion of forest conservation, according to Bloomberg reporting based on an anonymous source familiar with the matter. That would be in spite of the UK's leadership in establishing the Forest and Climate Leaders’ Partnership (FCLP) at COP26, which it hosted in Glasgow. When asked whether the UK would contribute to the TFFF, UK government spokesperson Tom Wells said the country's efforts would be focused on domestic growth and lifting living standards at home. Brazil's COP30 priorities have centred the TFFF, a conservation fund with investment and disbursement arms that would pay tropical countries to retain standing forests.

Go Dutch for nuclear – Dutch heavy lifting specialist company Mammoet has signed a Memorandum of Understanding (MoU) with Electricité de France (EDF) in anticipation of the Netherlands expanding its nuclear energy capacity. Mammoet’s SK6000 is the the world’s strongest, 6,000 t capacity land-based crane. Vakisasai Ramany, senior vice-president in charge of international nuclear development at EDF, said the partnership is aiming to deliver significant efficiency gains to enable a future nuclear programme in the Netherlands.

Azerbaijan has committed to reduce emissions 40% by 2035 in its latest Paris Agreement pledge, published on Wednesday. which reserves the right to use Article 6 finance to get there.

National representatives are expected to approve a negotiating mandate later this week to begin talks on linking the EU and UK carbon markets, according to meeting documents seen by Carbon Pulse.

The EU will head to COP30 with a 2035 emissions reduction pledge of “between 66.25% and 72.5%” compared to 1990 levels, following months of uncertainty over whether member states would reach an agreement in time for the UN climate talks in Brazil, where the bloc aims to demonstrate that multilateralism still works.

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.

EU carbon consolidated on Wednesday, giving back some of the 4.8% gain it had made since Friday after the weekly Commitment of Traders report showed funds continuing to build length, while European environment ministers reached a deal in Brussels on the bloc's 2040 climate target that includes a ratcheting up of the use of carbon credits, and officials neared agreement to begin negotiations over linking the EU and UK markets.

The European Commission unveiled a new package of measures aimed at boosting high-speed rail infrastructure, and scaling up investments in renewable and low-carbon fuels for use in aviation and maritime transport.

A deal struck by EU member states that will allow up to 5% of the bloc’s 2040 emissions reduction target to be met through international credits represents a major demand signal for carbon markets worldwide, experts said. However, key details still to be announced will determine how many and what types of units will qualify under the goal.

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 delay to the new EU Emissions Trading Scheme for road transport and heating fuels (ETS2), agreed by member states on Wednesday morning, will be bearish for the market, analysts have said, while exchanges already hosting futures contracts maintain that provisions are in place to start the new scheme one year later than expected, in 2028.

The Saudi state-backed Regional Voluntary Carbon Market Company (VCM) on Wednesday announced it had struck partnerships with global market analytics and ratings firms, as the energy ministry pushes plans for an integrated national environmental commodities platform.

Norwegian industrial companies plan to invest around NOK 30 billion (€2.55 bln) in projects to cut CO2 emissions or reduce power consumption, according to new government-approved plans released on Tuesday by the country’s environment ministry.

A short grace period to test systems under the EU’s deforestation law could make sense if it allows implementation to “start for real” rather than delaying enforcement again, a French MEP told a press briefing 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.

A voluntary carbon market (VCM) analytics firm and a carbon project ratings agency announced a new partnership on Wednesday.

Drax has signed a contract with the UK government for subsidies to cover the operation of its biomass power station from 2027, marking no substantial change from the conditions agreed earlier this year.

The government of Mozambique has outlined a conditional emissions reduction target of 15-25% below a business-as-usual (BAU) scenario by 2035, according to the country’s updated Nationally Determined Contribution (NDC).

Danish energy major Orsted swung to a quarterly net loss of DKK 1.70 billion ($265.5 million), it said on Wednesday, hit by US President Donald Trump's trade policies and resistance to renewable energy.

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

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.

European Union countries reached agreement Wednesday on the bloc’s 2040 climate target after an all-night negotiating session that also saw ministers delay the launch of the EU’s new carbon market for road transport and heating (ETS2) by one year, as well as allowing a greater role for international credits to help meet the objective.

A UAE-based venture is seeking to reduce the impact of carbon levies on heavy emitters by exploiting the claimed ability of ultramafic rock to both mineralise CO2 and produce natural hydrogen, with potential to serve the CO2 import industry and deliver low-carbon energy.

Gold Standard has labelled around 1.5 million clean cooking credits as eligible for Phase 1 of the CORSIA international aviation offsetting scheme, the second project under any standard worldwide to have issued formally approved units to date.

EU ministers said they would need the entire night to clinch a deal on the bloc's 2040 climate target at their extraordinary environment meeting in Brussels on Tuesday, meaning the final agreement will only be communicated on Wednesday morning at the earliest.