Shared vision - The Global Green Growth Institute (GGGI) announced it has signed an MoU with Thailand's Greenhouse Gas Management Organization (TGO) to support the country's net-zero transition and position the country as a regional carbon-market hub in ASEAN. The partnership will focus on strengthening carbon market integrity, mobilising green finance, building capacity, and promoting best practices under Article 6 of the Paris Agreement, including robust carbon-credit standards. It also aims to connect financial institutions with low-carbon projects, deploy innovative technologies, and leverage Thailand’s existing initiatives to accelerate credible decarbonisation across Southeast Asia.

Support group - The Carbon Business Council (CO2BC) and Emerald Climate have launched APACdr, a new Singapore-based regional initiative aimed at accelerating the scale-up of CO2 removal across Asia-Pacific. The initiative reflects the region’s importance in global climate efforts, given that Asia-Pacific accounts for more than 60% of the world’s population and around half of global emissions, and will play a key role in shaping carbon removal markets. APACdr is structured as a working group bringing together policymakers, financial institutions, corporate buyers, project developers, and civil society to align on market development, financing, and regulatory frameworks. Its inaugural meeting in Jan. 2026 convened 26 organisations from across sectors, highlighting growing regional engagement and capacity in carbon removal. Throughout 2026, the initiative will focus on building the financial and policy infrastructure needed to scale CDR, including portfolio-based procurement models, blended pricing mechanisms, demand aggregation, integration with global carbon markets, and stakeholder education. It also plans to produce a regional policy primer and host regular working group sessions, including a dedicated summit during Singapore’s Ecosperity Week. The organisers said the initiative is intended to provide a coordinated platform to align capital, policy, and demand signals, positioning Asia-Pacific to expand its carbon removal sector and play a larger role in global climate mitigation efforts.

Ashes to assets - An Indonesian cooperative in Pasaman Barat, West Sumatra, has launched a biochar carbon credit project using agricultural waste including corn cobs, cocoa husks, and water hyacinth, Harian Haluan reported. The project is a joint venture between the Hidup Basamo Sepakat cooperative and Malaysian company Reclimate, and it has affiliations with both Gold Standard and Verra, according to the cooperative's operations manager. The biochar, marketed as a soil amendment that stores CO2 long-term, is intended for export as carbon credits. The project aligns with Indonesia's national target to cut GHG emissions by 43.2% by 2030.

Ammonia ahoy – A cargo of green ammonia has been shipped from northern China to South Korea in what the producer described as the world’s first commercial end-to-end delivery spanning renewable hydrogen production and maritime export, it was announced this week. Chinese energy technology company Envision said the shipment departed from its Chifeng, Inner Mongolia facility, which it described as the world’s largest green hydrogen-ammonia base, and was delivered to LOTTE Fine Chemical. Envision claims a current output of 320,000 tonnes per year set to rise to 1.5 mln tonnes annually by 2028, while the green ammonia has secured ISCC EU, ISCC PLUS, and EU Renewable Fuels of Non-Biological Origin (RFNBO) certifications.

India and the EU on Friday published the full legal text of their landmark free trade agreement (FTA), confirming that the bloc’s Carbon Border Adjustment Mechanism (CBAM) will remain fully applicable while codifying a previously announced “technical dialogue” aimed at easing implementation concerns.

Global GHG emissions for 2025 increased 0.5% despite a small decline in the power sector, the largest source of emissions, according to a new report.

Nepal biochar tender – The UN Development Programme has launched a tender to support the creation of a commercial biochar enterprise in Nepal, seeking a contractor to develop a business plan and provide operational support, according to a notice published Feb. 23. The request for proposals is open until Mar. 10 and forms part of a broader programme to scale biochar deployment linked to climate and private sector development objectives.

Experts have attempted to debunk what they see as misconceptions about carbon capture, utilisation, and storage (CCUS) in a new report, including that it's too energy-intensive to see any benefit and that subsurface storage isn't durable or safe.

The rate of new clean cooking projects starting registration has fallen by a third after the introduction of tighter rules on calculating carbon credit volumes, but there has also been a jump in new entrants to the market, according to data from analysts.

Expansion - Tokyo-headquartered developer Green Carbon will expand its operations in Cambodia this year with the spread of the alternate wetting and drying (AWD) technique,  lifting the target area to around 20,000 hectares by 2026 from the current level of nearly 1,100 ha. It also aims to expand business to four provinces around the Mekong River basin and Tonle Sap Lake - Takeo, Prey Veng, Pursat, and Kampong Thom, according to a statement released Friday. Besides, Green Carbon plans to continue its expansion in Battambang, targeting a cumulative reduction of 10 mln tonnes of CO2e over the next 10 years.

China's extensive afforestation efforts are yet to have an immediate impact on CO₂ emissions, and the forest carbon sector needs a valuation framework that considers the time needed to peak sequestration potential, according to a new paper.

With New Zealand allowances trading some NZ$26 ($15.58) below the auction price floor, no one believes next week’s government sale event will clear, even though it remains an important market mechanism, according to some.

Talent needed - India’s carbon market regulator Bureau of Energy Efficiency (BEE) has invited applications to empanel subject matter experts under the offset mechanism of the Carbon Credit Trading Scheme (CCTS), as the country moves to operationalise its domestic carbon market. Selected experts will review project documentation at validation, verification, and issuance stages, ensuring compliance with approved methodologies across sectors including energy, industry, forestry, waste, and CCUS. Applicants must have at least 10 years’ sectoral experience and a track record in carbon market validation, verification, or GHG consultancy. The deadline for submissions is Mar. 23, 2026.

Singapore will operationalise its bilateral carbon credit agreement with Thailand next month, the deputy prime minister said this week, as the city-state steps up efforts to secure offsets to meet its climate targets.

The Clean Energy Regulator (CER) estimates the volume of Australian Carbon Credit Unit (ACCUs) issued in 2026 will be anywhere between 300,000 – 4.3 million units higher than last year, as annual emissions data showed overall Scope 1 emissions inching downwards.

Opportunity in the wind - The Australian government is consulting on the opportunities and barriers on increasing domestic manufacturing capabilities in the wind sector, the ABC reports. The Department of Industry, Science, and Resources wants the consultation to identify potential opportunities for steel manufacturers, metal fabricators, and related businesses to expand their role in domestic production of wind and transmission towers. Feedback is being sought on how to grow local jobs and industry while strengthening supply chains and energy security, the government said. The consultation period runs until Mar. 6.

Please wait - India’s carbon trading platform is likely to become operational by September, Times of India reported, citing a power sector official who said the platform could be a potential boost for renewable energy uptake. Central Electricity Authority Chairman Ghanshyam Prasad said the market mechanism could help drive demand in the commercial and industrial segment, particularly as renewable power purchase agreements have slowed. The platform is expected to create an alternative market construct, he said, to support capacity addition and accelerate progress towards India’s 500 GW non-fossil fuel target by 2030.