New call - Paraguay’s environment ministry (MADES) has launched a public tender seeking consultancy firms to develop the country’s National Carbon Markets Strategy and an operational manual for Paris Agreement Article 6. The call is being issued through the ministry’s carbon markets directorate, with technical support from the Global Green Growth Institute and financing from the Carbon Transaction Facility, as Paraguay advances efforts to operationalise its national carbon market framework.

Not plugged-in - Ontario Premier Doug Ford has slammed Canada’s Chinese EV deal, which would see the northern country allow 49,000 electric vehicles into its market at a tariff rate of 6.1%, according to the CBC. Ford, who heads up the leading auto-manufacturing province, said the deal threatens the a sector already under threat from Canada’s trade tensions with the US. Canada agreed to slash its 100% tariff on Chinese EVs in return for China reducing tariffs on canola products. The less than 50,000 EVs represent around 3% of new vehicles sold in Canada. More than 50% of imported EVs are anticipated to cost less than C$35,000 within five years.

The region advanced toward the operationalisation of Paris Agreement Article 6 over the past week, as governments moved to update bilateral frameworks, clarify domestic rules, and position themselves for participation in international carbon markets.

Alberta should consider buying out the oversupply of credits in its broken Technology Innovation and Emissions Reduction (TIER) carbon pricing system before looking to tighten stringency, said a carbon management advisor for the province's large emitters. 

Chile and Japan signed a Memorandum of Understanding (MoU) on Japan’s Joint Crediting Mechanism (JCM) last Friday, marking the latest revision of their bilateral agreement under Article 6 of the Paris Agreement, first signed 10 years ago, as the two countries move to align with the Article 6.2 framework.

Futures for Phase 1 CORSIA slid last week despite the International Civil Aviation Organisation (ICAO) publishing country-by-country offsetting data, which reaffirmed emissions would be higher than previously expected for 2024-26 period of the scheme.

As CORSIA moves toward mandatory compliance for most countries, insurance is emerging as critical infrastructure to unlock carbon credit supply and enable the aviation market to scale, writes Phoebe Thomas, CFC, for Women in Carbon.

A European climate NGO has criticised the EU-Mercosur trade agreement, signed on Saturday, as deeply problematic, describing it as damaging for both democracy and climate action.

The European Union’s growing reliance on US liquefied natural gas (LNG) risks replacing its dependence on Russian supplies and derail its climate goals, the Institute for Energy Economics and Financial Analysis (IEEFA) warned on Monday.

A new framework has been launched to define the best-practice criteria for high-integrity nature projects, aiming to reduce delivery and credibility risks for investors and buyers in an increasingly scrutinised voluntary carbon market.

Allies - Greece and Saudi Arabia are expected to jointly oppose the International Maritime Organization's Net Zero Framework, according to a notice published by Greece's Environment and Energy Ministry Thursday. The two countries' environment and energy ministers met to discuss cooperation between the two countries and the US.