Guyana has secured the issuance of more than 9 million jurisdictional REDD+ (J-REDD) carbon credits under the ART TREES certification programme, with the vintage 2023 units eligible for use under UN aviation offsetting scheme CORSIA.

A group of 114 civil society organisations published an open letter Tuesday to the COP30 Presidency, calling for the planned roadmap to transition away from fossil fuels to be science-led and equity-based to ensure it does not become "another document that gathers dust". 

Representatives from the EU and Britain will meet for another round of talks on linking their Emissions Trading Schemes (ETS) on Wednesday, but sources have said there are significant areas of disagreement, notably around the UK's willingness to align its regulation with that of the bloc.

Stepping forward - The Article 6.4 Methodological Expert Panel, at its eleventh meeting, which took place last week, advanced new tools to assess lock-in and reversal risks, refined guidance on electricity emissions and equipment lifetimes, and explored stronger buffer pool arrangements for carbon removals. Progress was also made on clean cooking crediting. A new analytical tool was released for public consultation to prevent approval of activities that could entrench high-emission technologies. On fNRB work, a proposed methodological tool was drafted. After reviewing existing methods, data and assumptions, the MEP concluded that the best available values are the nationally derived default fNRB values developed under CDM exercises between 2003 and 2024 and incorporated in an approved CDM tool. As well, options to improve buffer pool resilience were explored, including monetary reserves and governance enhancements.

Nature-based carbon projects often struggle to prove that they deliver real and measurable emissions reductions, according to recently published research that highlighted fundamental limits to causal attribution in complex social-ecological systems.

A UK Parliament committee, set up to scrutinise government policy decisions, said it was generally supportive of including domestic maritime in the country's Emissions Trading System (ETS), during a debate held Tuesday, though heard strong opposition from lawmakers representing Northern Ireland and the Isle of Wight.

While the EU’s Carbon Border Adjustment Mechanism (CBAM) is expected to have only a marginal effect on inflation, the European Central Bank (ECB) warns the levy will impose much heavier costs on sectors like iron and steel, or cement in some EU member states, while impacting selected industries in neighbouring countries more heavily.

Robust interest - Singapore’s Ministry of Trade and Industry told Carbon Pulse it received 52 submissions at the pre-qualification stage of its second request for proposals to procure Article 6-compliant carbon credits for use towards its 2030 climate target. The list includes major commodity and energy traders such as Shell, Trafigura, Vitol, Mercuria, and agribusiness groups Olam and Louis Dreyfus Company. MTI said the pre-qualification phase is expected to conclude around May of this year, when the second stage of the tender will begin. Further details on evaluation criteria will be released with the second-stage tender documents, it added. The tender, for both nature and tech-based carbon credits, is restricted to countries that have signed bilateral Implementation Agreements with the city-state.

Costa Rica became the latest Latin American country to elect a right-leaning president over the weekend, reinforcing a regional political shift that has left carbon pricing instruments suspended less by ideology than by questions of institutional capacity and revenue generation.