The construction of the “cornerstone” of Paraguay’s Article 6 ambitions is moving rapidly, aiming for a 2026 timeline amid a push to unlock its first international transfers, government officials said.

The World Trade Organization (WTO) has become a constructive forum on climate policy and border carbon adjustments (BCAs) despite a global downturn in climate and trade multilateralism, according to a policy expert and ex-WTO negotiator speaking to Carbon Pulse from the 14th Ministerial Conference (MC14) in Yaounde, Cameroon.

ICE Futures Europe will launch next month new futures and options contracts for the mandatory Phase 2 of UN aviation offsetting scheme CORSIA, it announced on Friday.

The Hormuz Strait crisis is costing the maritime industry €340 million a day - highlighting the industry's vulnerability to oil and gas price volatility, according to a new report.

France will ask the EU to temporarily suspend its carbon border tax on fertilisers, citing rising prices linked to the ongoing Middle East conflict, the country's agriculture minister Annie Genevard said on Friday.

Frequent flyers - Aviation industry groups including Airlines for America, Airlines for Europe, and the International Air Transport Association are deploying lobbying strategies to resist stricter regulation, according to InfluenceMap. These tactics, used since 2007, aim to delay extending the EU ETS to long-haul flights, the organisation claimed. First, the industry argues aviation emissions should be governed globally, not regionally. Second, it promotes the ICAO as the sole authority in decarbonising the sector, as well as its offsetting scheme, CORSIA. Third, it frames CORSIA as the only necessary global mechanism, opposing additional regional measures. This playbook risks delaying meaningful emissions cuts in aviation and undermining alignment with the Paris Agreement, the civil society group said. However, growing cross-sector corporate support for the EU ETS suggests increasing resistance to industry lobbying and stronger backing for European climate policy.

EU member states signaled international carbon credits should be recognised as a CO2 price paid in foreign countries when calculating importers’ Carbon Border Adjustment Mechanism (CBAM) liabilities, according to a draft joint position that also proposes a two-year limit for any temporary suspension of goods.

New Zealand has denied claims it is in discussions with Paraguay to purchase Article 6 credits to meet its climate targets, and says it is rather supporting the country through capacity engagement programmes.

A national jurisdictional REDD+ (J-REDD+) programme covering at least 480,000 hectares, with expansion potential to 3 million, is on the verge of being officially launched by the Paraguay government, which has told Carbon Pulse that its main target market is the international aviation offsetting scheme CORSIA and other international markets.