The Dominican Republic became the first country in Latin America and the Caribbean to register two wind farms under the Paris Agreement Crediting Mechanism (PACM), a developer announced on Wednesday.

European carbon market participants have raised concern that heavy changes to the EU ETS to reduce costs for industry, such as establishing a price corridor or cap, could create a crisis of confidence in the mechanism and even threaten the bloc's climate goals.

US-based tech giant Amazon has announced it is expanding its carbon credit service to offer super pollutant neutralisation and lower-carbon fuel (LCF) inset credits.

Imports of fertilisers fell to a record low in January – not because of the EU's new Carbon Border Adjustment Mechanism (CBAM), but because importers stockpiled an unprecedented amount of fertilisers in December, trade bodies and NGOs said this week.

Twenty-nine activities transitioning from the UN's Clean Development Mechanism (CDM) to the Paris Agreement Crediting Mechanism (PACM) received approval from host countries in the last month, a UN body said on Wednesday.

Eritrea aims to cut its emissions by nearly a quarter by 2030 on the condition of international finance and support, and potentially through cooperation under Article 6, according to the country's latest Paris Agreement pledge.

Shipping decarbonisation continues - Global shipping firms are continuing to invest in low-emission vessels and fuels despite the one-year delay to a proposed carbon price under the International Maritime Organization, Reuters reported. Industry players said the delay has not changed investment decisions, pointing to long vessel lifetimes and expectations that stricter rules will still be introduced. Ships capable of running on alternative fuels now dominate new orders. The decision on a proposed $380/tCO2 levy was postponed in Oct. 2025 after opposition led by the US and Saudi Arabia.

Fossil fuel interests are perpetuating energy insecurity by standing in the way of an affordable green transition, UN Secretary-General Antonio Guterres said in remarks at the International Energy Agency’s (IEA) ministerial meeting on Wednesday, calling for a new global platform to discuss transitioning away from oil, coal, and gas.

A coalition of international organisations has unveiled a new effort to expand access to clean cooking, aiming to transform political commitments into financed infrastructure and nationwide deployment programmes, with several governments and industry voices also backing carbon credits as a key means of financing greater clean energy access in the sector.

Carbon markets should evolve to finance long-term ecological stewardship, not merely insure credits, argues Charles Bedford, Founder of Carbon Growth Partners and Professor at Hong Kong University of Science and Technology.

Wright or wrong - US Energy Secretary Chris Wright threatened to withdraw the country from the International Energy Agency (IEA) if it continues producing net zero scenarios, calling such work "leftist fantasies" at a Paris conference on Tuesday, Politico reported. Wright, speaking ahead of an IEA ministerial meeting, said the agency should focus on energy security rather than behaving like a "climate advocacy organisation". The Paris-based IEA produces scenarios that inform global climate policy and corporate decarbonisation strategies. In a November report, the agency appeared to respond to US pressure by reintroducing a scenario based on current trends and pushing its peak oil demand forecast from the 2030s to mid-century.