Peruvian ITMO potential - Peru could commercialise at least 9 mln tonnes worth of internationally transferred mitigation outcomes (ITMOs) per year, according to a Forbes interview published Thursday with Cristina Rodriguez Valladares, the director of climate change and desertification at the Ministry of Environment (MINAM). The estimate follows bilateral agreements with Switzerland and Singapore for the sale of carbon mitigation outcomes, with additional deals under preparation with Korea and Japan, from the forestry, energy, and waste management.

Full adoption of the International Maritime Organization (IMO)'s global carbon pricing mechanism is the only option that would create enough demand signals to boost clean fuel production and enable the global fleet to meet its decarbonisation goals, according to analysis published on Thursday.

New rules proposed for calculating cookstove credits in Kenya have created a conundrum for meeting Paris Agreement targets because too much woodland in the country is labelled as renewable, according to one market participant.

The Council of EU member states is not expected to reach a joint position on the proposed reform of the bloc's Carbon Border Adjustment Mechanism (CBAM) by mid-March as initially planned, but rather towards the end of the second quarter, sources told Carbon Pulse.

Renewable energy rollout may be the fastest way to cut emissions, but the extent to which these projects should be bankrolled by carbon credits remains a dicey question.

Compliance markets are expected to play a growing role in shaping carbon credit demand over the coming years, with buying under schemes such as CORSIA and domestic systems projected to rise steadily and surpass voluntary demand as early as 2029, a webinar heard on Wednesday.

Peru has added its first-ever Article 6 project, a clean cookstoves initiative, to the RENAMI national carbon registry, according to a resolution issued Wednesday by the Climate Change Directorate.

No gold medal here - The carbon footprint of the Olympic Games remains substantial - ranging from 1.59 to 4.5 mln tonnes of CO2e per edition since 2012 - despite efforts by the International Olympic Committee to reform them, found a study by the University of Lausanne. To comply with the Paris Agreement, the study argues that Olympic emissions must be cut by 48% by 2030, 70% by 2040, and 84% by 2050. Measures to do so should include scaling down the event to fit existing venues and transport systems, prioritising local spectators and sustainable rail travel to limit air travel, and developing immersive remote viewing options such as virtual reality experiences. The researchers also urge event operators to rely more heavily on renewables, plant-based catering, and low-carbon transport. Whilst the IOC should also improve data collection and verification on emissions.

Africa’s Gold Standard - The African Union officially launched the continent-wide effort to set a standard for carbon markets – referred to as Africa’s Gold Standard, led by the African Union Development Agency (AUDA-NEPAD) in Addis Ababa last week. The initiative, originally launched in Aug. 2025, aims to enhance transparency, fairness, and African leadership in global carbon trading, ensuring that certification, methodology approval, and benefit distribution are controlled within the continent. AUDA-NEPAD said the framework will help coordinate member states, strengthen regulatory frameworks, and promote equitable participation in carbon finance, positioning Africa as a credible partner and solutions provider under Article 6 of the Paris Agreement.

There is good potential for the UN General Assembly to adopt a resolution endorsing a landmark climate change opinion from the International Court of Justice (ICJ) despite US resistance, an international climate policy expert told Carbon Pulse Thursday.

Tech topics – The UNFCCC has opened a call for proposed topics for consideration for the first global in-session dialogue under the Belem Technology Implementation Programme, to be held in June 2027. The programme, which was part of the broader COP30 political package, is aiming to support technology transfer, including via capacity-building, facilitating partnerships, and mobilising finance and other resources. Both governments and non-parties to the climate convention can submit proposals, with a deadline of July 1, 2026.

Called up – New Zealand’s government has appointed Stuart Calman as its new climate change ambassador, the Beehive announced on Wednesday. Calman previously served as the country’s ambassador to ASEAN in Jakarta, and has held leadership roles within the foreign affairs ministry related to climate change, energy, and sustainable economic development in the Pacific and Southeast Asia. An initial focus will be on COP31 and supporting Australia in its role as co-chair of the UN climate talks, the government said. Based in Wellington, Calman commenced in the role on Monday, replacing Stuart Horne who has taken up the role of New Zealand Consul-General in Honolulu.