CORSIA carbon supply is readying for takeoff, with a selection of newly-approved eligible credits now on the market, but airlines may claim force majeure if not enough units are available by 2028, and there is still a sharp gap between supply and expected demand, experts said on Wednesday.

Investment in renewable energy globally fell by nearly 10% in 2025 ($72 billion) due in large part to changes to power market rules in China, analysts said on Tuesday.

A growing shift in voluntary carbon markets toward removals-based credits is taking finance away from avoided deforestation projects across biodiversity-rich Asia-Pacific, threatening ecosystems like forests, mangroves, and wetlands, a webinar heard on Wednesday.

The impending overshoot of the Paris Agreement's 1.5C target will raise the temperature and political pressure at COP talks in the future, and shift the debate from hot air to action, according to Bill Hare, founder and chief executive of Climate Analytics.

South Korea's latest CO2 permit auction again went oversubscribed amid robust demand, with the clearing price climbing by nearly 20% from the previous monthly sale.

Utilised - Indonesia has used around $3.5 bln from financing pledged under the Just Energy Transition Partnership (JETP) and the Asia Zero Emission Community (AZEC) to advance green economy projects, national news agency Antara reported, citing Coordinating Economic Affairs Minister Airlangga Hartarto. Total JETP funding for Indonesia stands at $21.4 bln, with AZEC contributing $500 mln. The government has also earmarked $24 bln in its 2026 state budget for energy security and green initiatives, including renewable energy, electric vehicle supply chains, biofuels, and carbon capture technologies, Hartarto added.

Thailand’s cabinet has approved carbon credits to be traded on its exchange to strengthen price discovery ahead of a new climate change law, the Southeast Asian country’s finance minister announced this week.

India can meet its net zero target by 2070 while continuing to expand coal consumption for the coming decades, a report published this week by government think tank NITI Aayog has claimed.

The Western Australian state government is creating an industry development plan for its local carbon sector and has launched a survey for stakeholder feedback, it announced.

Global plans to decarbonise the steel sector are losing steam, with new projects slowing sharply last year, as 2026 shapes up to be a make-or-break year for getting first commercial plants off the ground, according to new analysis published on Wednesday.

The High Court in Wellington is set to hear a first-of-its-kind climate lawsuit for New Zealand next month, with one of the litigants saying there is a “reasonable prospect of success”.

Under pressure – Climate change is putting pressure on legal systems, FBC News reported Fijian Prime Minister Sitiveni Rabuka saying at the opening of the Commonwealth Law Ministers Meeting in Nadi. Climate change, digital disruption, and emerging security risks are exposing gaps in the world’s legal systems, he said, while strong legal frameworks can bolster climate resilience, such as protecting natural resources.

An Australian low carbon liquid fuels (LCLF) company has closed its Series A funding, having raised A$10 million ($7.1 mln), it announced Wednesday.

The Vanuatu government has introduced the zero - or rough - draft of a UN General Assembly (UNGA) resolution to endorse the International Court of Justice’s (ICJ’s) landmark opinion on climate change, it announced.

A senior executive from BYD, the world’s largest electric vehicle (EV) producer, said that there was no possibility that its significant January sales slump would persist, citing autonomous driving as a route to longer-term growth.