Fifteen new projects, in countries including Egypt, India and South Korea, have been proposed under Article 6.4 of the Paris Agreement Crediting Mechanism (PACM), while Brazil signed agreements with Singapore and Switzerland paving the way for future bilateral trade under Article 6.2, a UN body said on Thursday.

A carbon market veteran has announced the launch of a Singapore-based climate advisory and solutions company focused on supporting the development of high-integrity carbon markets.

The Malaysia Forest Fund (MFF), a federal government agency, has signed an agreement with a banking group to develop and pilot sustainable financing solutions aimed at supporting forest conservation and climate action.

India has formally notified greenhouse gas emission intensity targets for key industrial facilities under the Carbon Credit Trading Scheme (CCTS), according to a government notification published on Friday.

Permits in the Chinese emissions market continued to trade above the RMB 78 ($11.19) mark over the past week, with offset price premiums over carbon allowances starting to vanish as the market enters a new compliance cycle.

Aravalli credits – India’s Environment Minister Bhupender Yadav has said that organisations that take up afforestation in degraded patches of the Aravalli range and achieve at least 40% canopy cover within four to five years can earn green credits under the country's Green Credit Programme, offering a financial incentive for restoration efforts. Yadav said that the programme is already underway in areas including Gurgaon and near Manesar, and that private and government entities can approach the environment ministry to participate in eco-restoration activities that qualify for green credits. (Hindustan Times)

Greener shipping - Chemicals maker CF Industries, along with commodities trading giant Trafigura, signed a partnership this week with Singapore-based marine fuel supplier TFG Marine to advance the use of low-carbon ammonia as shipping fuel, the companies announced. The partners will work on market development and bunkering logistics, initially focusing on the US Gulf Coast and northwest Europe. CF Industries, one of the world's largest ammonia producers, will supply low-carbon ammonia from its Donaldsonville, Louisiana complex.

A survey conducted by the New Zealand government showed it remains challenging for permit holders to navigate the emissions market as regulatory uncertainty lingers.

BlackRock bails again - BlackRock has abandoned plans for a $2 bln New Zealand climate infrastructure fund, Newsroom reported. The world’s largest asset manager confirmed it has scrapped the standalone New Zealand Climate Infrastructure Fund and asked authorities to deregister the associated limited partnership, citing changes following its acquisition of Global Infrastructure Partners and client feedback. While no investments were ultimately made through the fund, BlackRock said it remains committed to New Zealand through its broader global infrastructure strategies and continues to invest nearly NZ$30 bln (around $17 bln) in the country across public and private markets.