CORSIA carbon contracts continued to fall last week amid the ongoing war in Iran, sending jet fuel prices to all-time highs, and leaving the airline industry contemplating cutting flights amid supply shortages.

A sustainable aviation fuel (SAF) pilot programme in China saw the first blend used last week to refuel several commercial flights in the country, one of the partners in the trial said on Monday.

Design for Japan's emissions trading scheme manifests a bottom-up approach that seeks to ensure flexibility and business competitiveness, yet it remains challenging to estimate the policy effectiveness, a webinar heard last week.

Ammonia outage - A power outage has damaged equipment at the Yara Pilbara ammonia plant - Australia’s largest - forcing a shutdown expected to last about two months, Boiling Cold reported. The disruption comes during a global ammonia shortage caused by the war in the Middle East, which has already restricted a major share of global supply and fertiliser production. This could impact both Australian agriculture via fertiliser shortages, and mining via reduced explosives supply, depending on how quickly alternative supplies can be sourced.

Measuring - UK-based Carbon Trust and a group of offshore wind developers on Monday released an updated methodology aimed at standardising how the sector measures wind energy’s carbon footprint. The revised guidance sets out a common framework for calculating the full life cycle emissions of offshore wind developments, from raw material extraction to decommissioning. The methodology also aims to help developers identify emissions hotspots, improve data quality, and support more consistent reporting across supply chains, Carbon Trust said.

Year of records - Singapore's National Environment Agency (NEA) on Monday said the city-state broke several rainfall and temperature records in 2025. The month of March was the wettest on record, while June and November were the warmest on record, bringing the last year in Singapore's top 10 warmest years. Meanwhile, WMO earlier today said the 2015-25 decade was the hottest since record-keeping began, calling the situation a state of emergency.

Bilateral Article 6 agreements signed between countries in Southeast Asia is attracting “serious capital” to the region, according to a local project developer, as the market eyes a potential recovery.

The decade between 2015-25 was the hottest since record-keeping began, the UN weather agency said on Monday, with last year ranking as either the second or third warmest overall.

Supply boost – New Zealand will temporarily allow imports of refined fuel that meet Australian specifications in a bid to boost supply, the government said on Monday. Natural Resources Minister Shane Jones noted that the two countries’ fuel specifications are very similar. However, unlike its trans-Tasman neighbour, New Zealand will not be allowing high sulphur fuel, but Jones said the government will monitor the situation in case further loosening of standards is required. The announcement followed news earlier on Monday that the government is aiming to double the number of public EV chargers in a bid to boost uptake of the vehicles. The decision comes amid a global fuel crunch due to the ongoing war in the Middle East, with IEA chief Fatih Birol saying on Monday that Asia is at the forefront of the crisis. Government data released Monday showed that New Zealand currently has enough fuel for 47 days.

Preparations underway – Kyrgyzstan is preparing to launch a national carbon credit system as part of efforts to attract climate finance, with up to $10 mln in potential funding at stake. The initiative, discussed by government officials and the World Bank experts, will establish a system for the accounting, trading, and verification of carbon units, using a results-based mechanism. If implemented successfully, the country could receive around $4.5 mln for verified emissions cuts, along with an additional $5.5 mln through carbon market mechanisms, while also benefiting from technical assistance to build a national registry and monitoring framework.

Emissions at New Zealand-headquartered Fonterra are set to increase in the 2026 financial year, it suggested on Monday, amid an increase in production.

Carbon gains – Around 100 villages in the Anand district of India's Gujarat state are turning to bio-CNG projects in an effort to ease the ongoing LPG crisis, with the initiative also expected to generate carbon credits through significant emissions reductions. The cluster of 10 plants will convert cattle dung, agricultural residue, and other waste into clean fuel, producing about 10 tonnes of bio-CNG every day while cutting reliance on imported LPG. The initiative is expected to avoid over 100,000 tCO2e of emissions annually, creating potential for carbon credit generation alongside improved rural waste management and additional income streams for farmers. (Times of India)

Waste credits - The provincial government of Khyber Pakhtunkhwa in Pakistan has approved a proposal to convert municipal waste into fuel under a public-private partnership, with plans to establish material recovery and processing facilities at the Shamshatoo landfill site in the city of Peshawar. The project will produce Refuse-Derived Fuel as an alternative to coal for the cement industry, aiming to reduce reliance on imports. According to the officials, the initiative would help build a modern and sustainable waste management system, while also cutting greenhouse gas emissions, reducing landfill waste, and generating additional economic value through carbon credits. Authorities plan to expand the model to other parts of the province.

Government policy has failed to keep pace with the growing complexity emerging in the carbon removal (CDR) market, making it difficult for the sector to attract the private capital needed to scale, according to a new study.

Hedging - Australia and Singapore on Monday said they are working together to secure energy supply chains and prices, given the situation in the Middle East, according to a statement. The countries reaffirmed their commitment to strengthen energy security, to support the flow of essential goods including petroleum oils, such as diesel, and liquefied natural gas, and to notify and consult on any disruptions with ramifications on the trade of energy.

Asia is at the forefront of what International Energy Agency (IEA) Executive Director Fatih Birol on Monday described as two major oil crises and a gas crisis rolled into one, but said he hoped it would galvanise countries to ramp up their efforts to transition away from fossil fuels.

South Korea is considered capable of largely exceeding its 2035 climate target through the adoption of more ambitious policies, including an accelerated coal phase-out and rapid deployment of wind power, according to a new paper.

Tapping into Thailand - Japan's NEC Corporation has partnered with Tokyo-headquartered project developer Faeger to generate carbon credits from agriculture-based projects in Thailand, according to a statement. NEC provides technology that helps reduce GHG emissions from the use of fertilisers. In collaboration with local farmers in the Southeast Asian country, the two companies said they will work to build a sustainable agriculture model that involves the creation of carbon credits, without disclosing more targets.

Weighing relief - Thailand is considering cutting jet fuel excise taxes as airlines warn that rising fuel prices and embedded carbon-related costs could push airfares higher and dent tourism demand, The Traveler reported. Jet fuel prices have surged amid Middle East tensions, compounding pressure from a fixed excise rate of about THB 4.7 ($0.14) per litre. Carriers, including Thai Airways, have already raised ticket prices by around 10-15% on some routes. The Civil Aviation Authority of Thailand is in talks with the finance ministry on possible relief measures.

Batteries too - US-based Tesla is preparing to enter India’s industrial energy storage market, expanding beyond its recent electric vehicle launch, Reuters reported, citing a job posting. The move will see it compete with domestic conglomerates Reliance and Adani as India ramps up storage capacity to support its clean energy targets.

Data centre checklist – Data centres in Australia should make a positive contribution to the energy transition and avoid putting upwards pressure on power prices, Canberra said on Monday as it laid out its expectations for the rapidly growing industry. Developers should secure new clean energy and/or storage to mitigate demand and minimise their energy use and emissions by employing industry-leading energy efficiency measures, the requirements said. As well, they should have sustainable and efficient use of water, and build resilience in the event of water disruption, climate change effects, and drought.

Charging up – The New Zealand government on Monday announced NZ$52.7 mln ($30.7 mln) of zero-interest loans to double the number of public EV chargers, with an additional NZ$60 mln of co-investment from gentailer Meridian Energy and EV charger network ChargeNet. The 2,574 new chargers will include 1,374 DC fast chargers, with the remaining 1,200 AC chargers. Around half the new installations will be spread across Auckland, Hamilton, Tauranga, Wellington, Christchurch, and Dunedin – all major urban centres – and the rest will be sited in the regions. The news comes amid a global oil shortage, with New Zealand currently holding enough fuel for 47 days, government data Monday showed.

Power purchased - The Western Australian state government has signed long-term agreements to purchase electricity from several new wind farm projects, unlocking over 1 GW of renewable energy capacity—enough to power more than 800,000 homes annually, it announced. These projects, backed by state utilities like Synergy and Water Corporation, are expected to come online between 2027-29 and will collectively exceed the capacity of the state’s remaining coal-fired power stations, which are slated to close by 2030. The agreements mark a major step in WA’s transition to cleaner energy by supporting large-scale wind development and reducing reliance on coal while ensuring reliable and affordable electricity supply, according to the announcement.