Claims for PACM – Mesa Argentina de Carbono, a private sector initiative that advocates for carbon markets, has urged the Argentine government to submit its third version of the Nationally Determined Contribution (NDC 3.0) and to join the UN-backed international carbon market established under Article 6 of the Paris Agreement. In a publication on its website, the initiative argues that Argentina could export its carbon credits and receive two to five times more per unit than in the current voluntary market.

Climate-driven losses - Natural disasters globally led to losses of around $224 bln last year, of which $108 bln were insured, said German reinsurer Munich Re. Most insured losses related to natural disasters were due to wildfires, flooding, and severe thunderstorms. In Europe, natural disaster losses totalled $11 bln, about half of which were insured and well below the 10-year average of $35 bln. Last year's losses were much lower than the inflation-adjusted losses seen in 2024, which totalled $368 bln. No hurricane hit the US mainland last year, though the country experienced the year's costliest natural disaster in the LA wildfire.

Teresa Ribera, the European Commission’s executive vice-president for the clean transition and competition policy, defended the rules-based world order at a Brussels event on Tuesday, saying EU law ensures equal treatment for everyone in the green and digital transition.

Taiwan has set out rules allowing its emissions-intensive industries to apply for relief under the island’s carbon fee, as the government seeks to prevent factories moving overseas and preserve competitiveness.

Papua New Guinea has introduced legal protections for project developers under newly gazetted carbon market regulations, including formal recognition of “secondary ownership” rights, a move aimed at reducing project risk in the forest-rich country.