Carbon Border Adjustment Mechanisms (CBAMs) being rolled out by the EU and UK pose growing competitiveness risks for Trinidad and Tobago’s (T&T) exporters, according to a Caribbean scholar.

Emissions trading association IETA is launching a new taskforce for the Middle East and North Africa (MENA) to support the development of markets across the region, a senior representative told Carbon Pulse.

Some airlines are responding to a worldwide scarcity of CORSIA-eligible units by pre-emptively investing in promising pipeline projects, according to an insurer speaking last week at Carbon Forward Middle East in Abu Dhabi.

Three technology firms have announced a strategic partnership to build national-scale infrastructure for carbon markets under Article 6 of the Paris Agreement, targeting a huge pipeline of Internationally Transferred Mitigation Outcomes (ITMOs).

Call for EU ETS maritime freeze – The international ferry industry organisation (Interferry) has urged the EU to freeze the bloc’s maritime ETS coverage for ferries at 70% from 2025 instead of rising to 100% this year, warning of “severe competitive disadvantage” versus exempt road transport and a risk of cargo shifting back to trucks. The trade body said ferries, which move 400 million passengers and 200 million vehicles annually in Europe, are being taxed about €1 billion a year without clear rules on how ETS revenues will be reinvested in maritime decarbonisation. It called for road transport’s inclusion and ringfencing of funds for e-fuels and port electrification. (MarineLink)

A United Arab Emirates-based technology company has carried out its first Article 6 transaction for carbon credits from a large forestry project in Malawi, it announced on Wednesday.

Climate bill soon - Malaysia’s National Climate Change Bill is set to be tabled for its first reading in the current parliamentary session, Deputy Natural Resources and Environmental Sustainability Minister Syed Ibrahim said. The ministry is also finalising the National Carbon Market Policy, which would create a framework for carbon trading, including Internationally Transferred Mitigation Outcomes, and enhance transparency through strengthened emissions measurement and reporting mechanisms. The bill and policy are expected to pave the way for Malaysia to become a regional centre for carbon trading and contribute to sustainable green economic growth.

Regulatory uncertainty in Indonesia’s carbon markets means sourcing investors remains challenging for a local waste-to-energy project, the developer told Carbon Pulse on the sidelines of Abu Dhabi Sustainability Week.