A clean cooking project frontrunner, with aspirations to supply the CORSIA aviation offsetting scheme, has folded after the Kenyan government reportedly rejected the company's request for a Letter of Authorisation (LoA).

A major voluntary carbon standard has applied its first labels of eligibility to credits for use under the international aviation sector’s offsetting scheme, it announced Friday.

Low funds- The UN is at risk of "imminent financial collapse" due to member states failing to pay their fees, said Secretary General Antonio Guterres in a letter to ambassadors. Money could run out by July, with the crisis threatening programme delivery, he added. All 193 member states must honour their mandatory payments or fundamentally overhaul the organisation's financial rules to avert collapse. It comes after the US withdrew from 66 international organisations including 31 UN agencies earlier this month, with the Trump administration calling them "wasteful, ineffective, and harmful". The country was the UN's largest contributor. Last year ended with a record amount unpaid to the UN - equal to 77% of the total owed, said Guterres. (BBC)

The climate policy adviser to European Commission President Ursula von der Leyen has backed the idea of continuing to hand out free carbon allowances to industries under the EU Emissions Trading System (ETS), provided companies invest in cutting their emissions, he told a panel on Thursday evening.

UN Secretary General Antonio Guterres has warned the United Nations is at risk of "imminent financial collapse" due to member states failing to pay their fees.

The Bahamas’ lower legislative chamber is debating two bills following up on prior carbon market laws from 2022, triggering a debate centred on government rhetoric versus outcomes.

The European Commission will present before Christmas a proposal and impact assessment detailing how international carbon credits generated under Article 6 of the Paris Agreement could be used within the EU’s climate framework, officials confirmed.

Scotland's preferred approach to expanding the UK's Emissions Trading System (ETS) to maritime would be to grant exemptions for island ferries, fishing, and state maritime activity, according to the country's latest impact assessment.

Energy Charter Treaty pullout – The European Commission on Friday launched infringement proceedings against 16 EU countries that remain in the Energy Charter Treaty (ECT), demanding they withdraw “without undue delay” after the EU and Euratom left the pact in June 2025. The letters of formal notice were addressed to Belgium, Bulgaria, Czechia, Estonia, Ireland, Greece, Croatia, Cyprus, Latvia, Hungary, Malta, Austria, Romania, Slovakia, Finland and Sweden. The Commission argues the ECT, which governs cross-border energy trade and investment, falls under the EU’s exclusive competence on trade and investment, and that the member states concerned have not taken any steps to withdraw from the Treaty.

Singapore and Rwanda have opened a new call for carbon credit project applications under their bilateral Article 6 agreement, the two governments said on Friday.

India’s push to scale up biofuels could feed directly into its emerging carbon market, even as gaps in accounting remain, the International Energy Agency (IEA) said in a report this week.

Reaffirmed - Pacific island nation of Palau reaffirmed its commitment to implementing Article 6 of the Paris Agreement in its latest NDC published this week. It pledged to cut GHG emissions by 44% from BAU levels by 2035 under an enhanced action scenario, targeting reductions of 73,000 tCO2e a year by 2035, including additional removals from forests and mangroves, while remaining net negative overall. Forests and mangroves are expected to remain the largest carbon sink, removing more than six times the country’s annual emissions. Palau said implementation depends heavily on international finance, technology transfer, and capacity building. It is already participating in Article 6.2 activities with Japan.

A Japanese shipping major will participate in Norway's flagship carbon capture and storage project through the signing of long-term charter contracts, it announced Friday.