While Mexico and Colombia finalise key components of their emissions trading systems (ETS) ahead of publishing implementing decrees this year, Chile advances on operational rules for Article 6 and its integration with other environmental market mechanisms, officials from the three countries said during a panel on Wednesday.

The administration of US President Donald Trump (R) is drafting a new diplomatic memo against the International Maritime Organization’s (IMO) proposed carbon price plan, media reported on Thursday.

A European shipping body is backing the creation of a reliable supply chain for greener shipping fuels, and has called to de-risk investments using national revenues from the EU's carbon pricing scheme.

Stay tuned - Chile aims to launch a pilot cap-and-trade system by Mar. 2027, according to Juan Pedro Searle, head of the Carbon Markets Development Unit at the Chilean Ministry of Energy. That's according to an interview with the Partnership for Market Implementation (PMI), the World Bank initiative that is supporting Chile in this endeavour. The ETS would cover just the energy sector, Carbon Pulse understands. The March end date coincides with the end of Chile's three-year PMI support programme. It is also consistent with plans dating to July 2024 to launch a pilot ETS for 2026-27. The future of Chile's climate initiatives will ultimately be determined by the incoming right-wing administration of President-Elect Jose Antonio Kast, who will on Mar. 11 assume the role from outgoing left-wing President Gabriel Boric.

Two groups representing EU industries have urged the European Commission to avoid proposing changes to the Emissions Trading System (ETS) that would weaken the price of European carbon allowances - contradicting pressure from other lobbies.

The Norwegian parliament voted Thursday to scrap its 2030 climate neutrality target after lawmakers and climate NGOs raised concerns about its cost and impact, with experts estimating this may weaken short-term demand for Article 6 linked carbon credits.

Form a line - Two procedural instruments have been published under the Paris Agreement Article 6.4 mechanism to guide how stakeholders interact with approved methodologies. The first is the Methodology/Tool Revision Request Form, used when proposing modifications to an existing approved methodology. It requires the methodology reference and version, a revised document highlighting changes, a clear justification, and authorised signatory contact details. The official template must be used without alteration. The second is the Methodology/Tool Clarification Request Form, used when stakeholders need interpretation or guidance on applying a methodology. It requires a description of the issue, methodology reference, submitter affiliation (e.g., project participant, national authority, auditor), and authorised contact information, also using the fixed template.

Up to 1 million CORSIA-eligible cookstove credits will be auctioned by the International Airline Trade Association (IATA) in March that will test whether the spot price has tumbled into a range of $15-16.

Vietnam has issued a circular clarifying long-awaited rules that will govern its national carbon registry, as the Southeast Asian country moves closer to launching emissions trading later this year.

Border carbon adjustments (BCAs) make it possible for countries to impose the pain of carbon pricing at home – but questions of how much support to give developing exporter countries, and how far to recognise foreign climate policies, raise complications that have not yet been resolved, according to experts.  

Indonesia’s growing fleet of captive coal power, built largely to feed its nickel boom, could use natural gas as a stepping stone towards decarbonisation, a report said Thursday, calling it the most feasible route to cutting short- to medium-term emissions.

The UNFCCC has approved the first-ever issuance of credits under its Article 6.4 mechanism, also known as the Paris Agreement Crediting Mechanism (PACM), in an effort to channel finance into verified emissions reductions.

While France fully supports the decision to include international credits in the EU’s 2040 climate target, it also issued a statement seeking “clarification” that credits delivered under Article 6 of the Paris Agreement will be kept out of the bloc’s carbon market.

Italy plans to request a suspension of the EU Emissions Trading System (ETS), pending a thorough revision, a senior minister told journalists at the start of the EU Competitiveness Council on Thursday, sending benchmark carbon prices tumbling below €70 per tonne.

The UN General Assembly (UNGA) is a crucial, but not the only, avenue to bring the International Court of Justice’s (ICJ) landmark climate advisory opinion to life, said the director of the NGO which kickstarted the campaign, pointing to the opinion's applicability to the UNFCCC, finance and trade talks, as well as human rights bodies.

The pre-COP31 summit will be hosted by Fiji in October, the Pacific Islands Forum (PIF) announced on Thursday.