Morocco is aiming to develop a corresponding adjustments (CAs) methodology under Article 6 of the Paris Agreement this year, an expert said at Carbon Forward Middle East this week.

Oman’s recent selection of a Designated National Authority (DNA) marks a turning point for its Article 6 ambitions, according to an Omani developer at Carbon Forward Middle East in Abu Dhabi this week.

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 Dubai-based developer has registered the Middle East’s first project under the Paris Agreement Crediting Mechanism (PACM), its CEO announced at Carbon Forward Middle East in Abu Dhabi: a landfill gas project in Jordan, transitioned over from the Kyoto-era Clean Development Mechanism (CDM).

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.

CORSIA first - The first on-screen trade of the CBL GEO CP1 standardised contract for phase one of CORSIA was successfully executed on CBL this week, matched at $20/ton, Xpansiv revealed Thursday.  This followed a series of EEU auctions in partnership with International Air Transport Association (IATA) on the ACE - Aviation Carbon Exchange. All CBL GEO CP1-eligible project-specific EEUs are listed and available for trading on both CBL and ACE. Phase one CORSIA contracts (CP1X-GM) on the CIX exchange in Singapore were bid at $18.10 and offered at $19.44, CIX said earlier today.

Three private carbon crediting standards based in Colombia show notable strengths at the programme level, but must enhance emissions quantification systems, transparency, and governance structures to align with Article 6.2 of the Paris Agreement, according to a new assessment.