Paraguay's carbon credit projects could generate annual revenues exceeding $100 million as it advances its domestic carbon market framework, according to media.

A Japanese trading house has launched a project to reduce methane emissions in Bangladesh, with the aim of generating credits under the Joint Crediting Mechanism (JCM), it said on Monday.

Global carbon markets contracted in 2025, with their total value falling to €791 billion, the lowest since 2021, analysts' calculations have found, with 2026 now seen as a pivotal year for setting the long-term direction of the sector.

The European Commission on Monday launched a call for evidence to support an impact assessment on the possible use of international carbon credits to help meet the EU’s 2040 emissions reduction target.

Several Latin American governments are aiming to bring new CORSIA supply online via jurisdictional carbon programmes, while Kenya’s decision to deny cookstoves developer Koko Networks a Letter of Authorisation (LoA) continues to shock the market.

Nigeria has refined its forest-related emissions benchmark, adding in degradation data for the first time and making moves towards Reducing Emissions from Deforestation and forest Degradation (REDD+) payments.

A romantic weekend in Marrakech, a bouquet of imported roses, and a candlelit dinner may look like the perfect romantic gesture, but together they carry a carbon footprint of nearly 800 kg, according to a new analysis that compared the climate impact of typical Valentine’s Day gifts.

Spot prices for Phase 1 CORSIA carbon credits tumbled last week amid a lacklustre voluntary market, where the recent collapse of the Koko Networks cookstove and clean fuel provider continues to stir debate.

Rebuilding a third of Brazil’s depleted soil carbon stocks could cut emissions by 1.5-1.7 billion tonnes of CO2, matching the level required to meet the country’s Paris Agreement goal of a 59-67% reduction by 2035, according to a recent report.

The EU's renewable energy and clean transport fuel policies are helping to boost biofuels supply and prices – although the impacts are mixed, with stronger national goals to cut greenhouse gas intensity, but challenges for clean aviation fuels, according to S&P biofuels analysts.

Finland's climate change advisory body has said the EU's Emissions Trading System (ETS) is the best way to reduce emissions while also creating economic opportunities, and recommended not to include international credits in the bloc's carbon market.

Urged to act - AirAsia has called on Indonesian carbon project developers and the government to accelerate approval of CORSIA-eligible credits, warning domestic airlines face a supply gap as compliance obligations loom, its chief sustainability officer said in Linkedin post. Mun Ching Yap said Indonesian airlines will need at least 1.7 mln CORSIA-approved carbon credits by 2027, but no domestic credits currently meet the criteria. Failure to act could result in a net outflow of $35-100 mln in climate finance as airlines source credits overseas, she said.

Beyond GDP - The world must place true value on the environment and move beyond GDP as a measure of human progress and wellbeing, said UN secretary general Antonio Guterres following the organisation's hosting of a conference titled 'Beyond GDP' attended by senior economists. "Our world is not a gigantic corporation. Financial decisions should be based on more than a snapshot of profit and loss," said Guterres. Hyper focus on GDP as a metric of success "is feeding hyper-nationalism, inequality, and polarisation", said Indian economist Kaushik Basu, who co-chairs the UN group. There are growing debates about how to create economic structures compatible with greater equality and sustainability, including the degrowth school of thought, which favours reducing unnecessary production to focus instead on social benefit. (the Guardian)

Support incoming - India will take action to support its steel exports amid pressure from EU's CBAM, Reuters reported, citing Steel Secretary Sandeep Poundrik. This comes as the bloc signed a trade agreement with the South Asian country last month which cut tariffs in several sectors but left the border levy unchanged, even as Europe accounts for around two-thirds of India’s steel exports.