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 Green Climate Fund (GCF) has approved $960.3 million for 18 projects supporting developing countries, it announced this week.

Two Latin American countries signed a bilateral agreement this week to deepen cooperation on forest management, climate resilience, and carbon market opportunities.

A new manual highlights the need for European countries to plan forest restoration strategies around full lifecycle costs.

Biochar is already technologically ready for large-scale carbon removal (CDR) deployment but remains constrained by limited demand and underdeveloped application markets, according to a global report released Friday.

The Philippines, one of the world’s 17 megadiverse countries, advanced its national blue carbon action plan this week, including ambitions to explore biodiversity credits.

The Malaysian state of Sarawak is aiming to roll out its emissions trading scheme (ETS) in 2027, with the full regulatory and structural framework expected to be completed by the end of 2026, according to local media reports.

The Paris Agreement has become an aspiration rather than a target, according to an oil and gas company that is now looking to revisit a 2050 carbon neutrality plan, as it also aims to build up a stock of 50 million carbon credits by 2030 to help meet interim climate goals.

A US-based non-profit has shared four policy recommendations and a series of existing methane reduction strategies that it says should be embedded in the EU Livestock Strategy expected later this year.

Empanelled - Noida-based developer and consulting firm Compliance Kart said it has been empanelled as an industry partner in the carbon credit programme for agriculture in the Indian state of Uttar Pradesh, which is aimed at scaling farmer participation in carbon markets. The initiative, developed with the government and IIT Roorkee, will begin with pilots and focus on deploying MRV systems and mobilising farmers. The programme seeks to generate carbon credits from sustainable farming practices, with allocation of 50% of proceeds upfront to farmers.

First issuance - Singapore-based Biochar developer Arukah Capital completed the first issuance of CO2 Removal Certificates (CORCs) in Cambodia, Puro.earth announced on LinkedIn, marking a national first for the registry. The project converts agricultural residues such as rice husk into carbon for storage. At least 50% of gross carbon revenue is shared with smallholder farmers, the company said.

Australia on Friday opened consultation on draft national guidelines to standardise how agricultural emissions, which account for roughly 18% of national emissions, are measured and reported.

Blue carbon - Japan’s environment ministry on Friday opened applications for a subsidised programme to support large-scale demonstration of blue carbon projects. The scheme aims to accelerate deployment of emissions absorption measures and support their early social implementation. Applications will be accepted from Mar. 27 to Apr. 30, with the government covering part of project costs. Eligible projects in this round are limited to blue carbon initiatives, such as coastal and marine-based sequestration efforts. Japan is also interested in developing blue compliance credits in addition to its government-backed J-Blue scheme.

Carbon markets, widely promoted as a scalable means of financing biodiversity conservation, are structurally ill-suited to deliver durable ecological outcomes and should be treated as a supplementary rather than central solution, according to a new analysis.

Carbon market researchers have raised concerns that proposed revisions to Washington state’s forestry offset protocol risk failing to ensure the environmental integrity of credits issued under the scheme.

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.