Asian collaboration – Japan’s Carbon EX has signed an MoU with Indonesian state-owned utility PLN to cooperate on RECs and carbon credits, EcoBiz reported. The MoU, signed at COP30 in Belem, will strengthen Indonesia’s participation in the VCM while also positioning it for Article 6 opportunities, the outlet reported Evy Haryadi, director of technology, engineering, and sustainability at PLN, as saying. Under the agreement, the two partners will develop a commercial framework for scalable and transparent REC and carbon credit trading, capacity building, and strengthening cross-border trade. PLN reportedly said the two aim to start transactions next year.

An aviation group is concerned about meeting the EU's mandate for synthetic aviation fuels (e-fuels), warning that airlines could face €8 billion of costs in 2030 alone if no supply materialises by then, a conference heard in London.

Nearly 600,000 integrity-tagged cookstove carbon credits are to be issued by the end of the year, in addition to almost 200,000 units recently approved for use in CORSIA, to the same developer, it was announced Monday.

G20 leaders have promised to intensify their efforts to reach net zero emissions around mid-century, in a declaration that acknowledges the need to adapt to climate change, overhaul sustainable finance, and distribute clean cooking – but omits any mention of fossil fuels.

Prices were little moved last week amid what some saw as a disappointing COP30 in Belem, which also failed to give a strong signal to the voluntary market, while CORSIA fundamentals remain hazy despite the release of bullish demand-side data.

The increasing use of sustainable aviation fuels will cause air fares to rise 10-15% over the long-term, provided the right policy framework is in place, an airline executive told an aviation conference Monday.

The COP30 UN climate summit wrapped up last week with a record $9.5 billion pledged for forests – yet nature at large took a back seat in the negotiation rooms, according to observers.

Analysts have raised their CORSIA demand forecasts in light of an October announcement by ICAO that signalled that the aviation sector had grown by more than expected in 2024.

A global survey has been launched inviting carbon dioxide removal (CDR) suppliers to share details about their current and projected removal capacity. 

Article 6.4 “buffer pool” – The UNFCCC Supervisory Body has issued a formal call for stakeholder input on buffer pool contributions for authorised Article 6.4 emission reductions (A6.4ERs), following its 18th meeting, it was reported on social media. The secretariat is preparing a concept note to assess potential implications for NDC accounting, especially regarding how buffer pool transfers interact with corresponding adjustment requirements. Until further guidance is adopted, transfers into the Reversal Risk Buffer Pool will be treated as “forwarded” and will not trigger a first transfer for NDC accounting. Project developers, host countries, Parties, and market participants are invited to provide insights, risks, and practical considerations to inform upcoming decisions.

The new Paris Agreement Crediting Mechanism (PACM) is no longer just a theoretical part of Article 6 markets, according to an executive at a major project developer, but it will take time to fully assess the investment viability of different types of activities.

A UN-supported clean cooking body has published a new version of its cookstoves carbon methodology that can now be use as part of international trading under Article 6.2 and adopted by voluntary standards.

The UN has opened public consultation on the first global methodology for savanna fire management (SFM) under Article 6.4 of the Paris Agreement.

Sweet deal – The Global Carbon Council (GCC) has signed an MoU with the Indian Sugar and Bio-energy Manufacturers Association (ISMA) to strengthen the Asian country’s participation in carbon markets, the Doha-based standard said in a Sunday press release. Specifically, the two will partner on workshops, training, sector-specific capacity-building for project development, biofuel-specific methodologies, and advocate for the Indian government to adopt GCC’s standards and methodologies for compressed biogas, green hydrogen, and other bioenergy projects. ISMA will also support the government’s recognition of GCC credits for use in India’s Carbon Credit Trading Scheme and the issuance of letters of authorisation (LoAs) for eligible projects. Credits issued to projects registered with the GCC are eligible for compliance with Phase 1 (2024-26) of the aviation sector’s CORSIA system, as long as they are for emissions reductions which occurred by Dec. 31, 2026 and providing they have an LoA from the host country.