The Mexican state of Queretaro, one of the first in the country to operationalise a carbon tax, recently published the official guidelines for its Low Carbon Seal and Emissions Offsetting System linked to 2025 contributions onward, allowing selected companies to offset up to 50% of their taxed emissions through a hierarchical supply of carbon credits.

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.

High demand - The Brazilian development bank (BNDES) and the state-owned oil company Petrobras received 16 proposals for their first call for carbon credit projects. The result was better than expected, the institutions announced on Friday. The round is part of the ProFloresta+ initiative, which incentivises forest restoration in the Amazon. The goal is to acquire 5 mln carbon credits in five contracts of 1 mln units each. The proposals will now be evaluated for their technical efficiency. The results, including winners, contracted volumes and prices to be paid for credits are expected in the first half of 2026.

A US state would explore nature-based credits to expand its environmental markets under a new legislative proposal.

A partnership of UK-based investors has announced a five-year £25 million programme to support peatland restoration in the Peak District and South Pennine moors in England.

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.

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)

Alberta has opened its biomass waste combustion for energy generation protocol for public comment, according to a draft published Thursday.