Chile on Wednesday gazetted a package of technical resolutions detailing governance, methodological standards, and integrity requirements for mitigation activities under Article 6 of the Paris Agreement.

New analysis has identified nearly $2.3 billion in future demand for offsets in the voluntary market, according to a report published on Wednesday.

No special treatment - Calls by France for its overseas territories to be exempted from the EU's Carbon Border Adjustment Mechanism (CBAM) fees on certain products have been rebuffed by Portugal. The latter said that exempting certain regions would weaken the integrity of the EU's CBAM and has instead suggested that financial subsidies would be a better and less risky way to support the economic needs of those regions. It comes amid broader efforts by France, Italy, and others to secure various exemptions for industries, particularly fertilisers, following CBAM's launch on Jan. 1. Last week the Commission ruled out suspending CBAM for fertilisers. (Contexte)

Application in - Carbon Standards International (CSI) has confirmed its application to the International Civil Aviation Organization (ICAO), seeking eligibility for the upcoming compliance periods of UN aviation offsetting scheme CORSIA. CSI's Global C-Sink Registry is technically optimised for corresponding adjustments (CAs) under Article 6 of the Paris Agreement - ensuring that no credits are double counted, it said on LinkedIn.

A Colombia-based international carbon standard on Wednesday published a new REDD+ methodology meant to align project baselines with UNFCCC reporting, including voluntary market (VCM) and Article 6.2 aims.

The voluntary carbon market is not the solution to global climate change, but it is a valuable instrument that can help mobilise finance, support sustainable development, and contribute to mitigation – when properly understood and managed.

Climate cooperation - South Korea and Ghana have agreed to strengthen cooperation on climate change following summit talks between South Korean President Lee Jae Myung and Ghanaian President John Dramani Mahama in Seoul on Wednesday. During the meeting, the two countries signed an MoU on climate change cooperation aimed at establishing a legal framework for collaboration under their respective national climate action plans in line with the Paris Agreement. The agreement forms part of broader bilateral efforts to expand ties across sectors such as trade, maritime security, and agriculture during Mahama’s five-day visit to South Korea. (Yonhap News Agency)

Big spender - Rio Tinto has secured $1.17 bln in financing from four international lenders to support its Rincon lithium project in Argentina's Salta Province, it announced. The funding comprises loans from the International Finance Corporation, Export Finance Australia, and the Japan Bank for International Cooperation. The cash will be used to develop the $2.5 bln lithium project, which is targeting around 60 bln tonnes of annual battery grade lithium carbonate capacity. First production is slated in 2028, with a three-year ramp up to full capacity. Jerome Pecresse, Rio Tinto's chief executive of aluminium and lithium said the project was underpinned by the attractive long-term outlook driven by the energy transition.