A Singapore-based exchange is entering the race to benchmark the first phase of the international aviation offsetting scheme CORSIA, with the launch of a new spot contract next week.

Hopes the world will soon hit peak oil demand have been dented after COP30 ended without a direct reference to fossil fuels in the final decision text, but the world’s crude dependence still faces many twists and turns.

Better integrating biodiversity co-benefits into carbon markets could increase the demand for credits in agriculture and support the transition to more sustainable practices, according to a study released on Wednesday.

Kazakhstan has strengthened its 2035 climate target and laid out an extensive roadmap for entering international carbon markets under Article 6 of the Paris Agreement, as well as overhaul its emissions trading system, according to the country’s latest climate plans.

There's a growing narrative in the voluntary carbon market that supply is converging around higher and clearer quality standards, regulated schemes, and more focused demand signals - but in reality, with a rising number of crediting bodies, and buyers still reluctant to dive into purchases, the sector may still be fragmenting, according to experts.

After years of development, the Australian government has finalised the updated landfill gas Australian Carbon Credit Unit (ACCU) method, it announced Thursday.

Reaffirmation - Japan in a statement published Thursday reiterated its commitment to facilitating cooperative approaches under the Paris Agreement through partnerships under its Joint Crediting Mechanism (JCM), saying it will focus on securing long-term investment and streamlining rules and procedures for broader participation. The statement was first announced by Japan's Environment Minister, Hirotaka Ishihara, at a JCM meeting during COP30. Japan, aiming to secure 100 mln JCM units by FY2030, has formed JCM partnerships with 31 countries since the launch of the scheme in 2013, supporting around 280 international emissions reduction projects.

The information and communications technology (ICT) arm of Japan's leading telecommunications group is seeking to deepen its involvement in the Article 6 carbon market through a newly built partnership.

Decarbonisation of the shipping and steel sectors is set to accelerate, a webinar heard on Thursday, with collaborations and climate finance streams in place to support their revolution.

Several countries are looking to issue Letters of Authorisation (LoAs) that would allow projects to supply carbon credits to the international aviation offsetting scheme CORSIA, but many say they prefer to have their Article 6 infrastructure fully operational before moving ahead.

Forestry for the future – The Australian government has designated the forestry sector a priority industry under its Future Made in Australia, it announced on Thursday, backed with a A$300 mln ($196 mln) Forestry Growth Fund. The government will work with the sector to identify net zero pathways as well as on building economic resilience. The cash will be split evenly between concessional finance to modernise processing and grants to support industry growth. This followed the brokering of a deal with the Greens for the party’s support for broader environmental law reforms, which included the phasing out of exemptions from Regional Forestry Agreements.

A revision in onsite abatement at facilities covered under Australia’s Safeguard Mechanism has led to demand for Australian Carbon Credit Units (ACCUs) to be higher beyond 2030, annual government projections released Thursday forecast.

Relationship renewal – Japanese shipping company Nippon Yusen Kabushiki Kaisha has renewed its partnership with BHP to explore the decarbonisation in the shipping industry, it said in a press release Tuesday. The updated MoU specifies the two will continue to collaborate on research for ammonia-fuelled ships, biofuel trials, and other measures to lower the sector’s emissions.

Twenty-five new green shipping corridors were launched in 2025, bringing the total to 84 globally, despite the delay to the International Maritime Organization's (IMO) Net-Zero Framework, with China, India, and Brazil looking to capture opportunities amidst the regulatory uncertainty, said a new report.