EU greenhouse gas emissions dropped by 3% in 2024, pushing total net domestic reductions to 40% below 1990 levels, but still short of the bloc’s 55% target for 2030, the European Environment Agency (EEA) said in its annual submission to the UN.

Brazilian SAF certification – The Brazilian government is evaluating the development of a system to enable the use of a Sustainability Certificate for Sustainable Aviation Fuel (CS-SAF), Jotan reported. Some aspects would be comparable to the RenovaBio programme, which is aimed at promoting decarbonisation by replacing fossil fuels with renewable energy sources. However, a CS-SAF scheme would present additional challenges, such as alignment with the UN’s international aviation offsetting scheme, CORSIA, and its potential inclusion in the national emissions trading system (SBCE). The Ministry of Mines and Energy (MME) is working based on the final report of an internal working group.

The United Nations Environment Platform (UNEP) Copenhagen Climate Centre is set to launch a digital platform this summer to help host countries implement Article 6.

Oil tumbles – The price of crude oil has fallen sharply, after Iran’s foreign minister said the Strait of Hormuz would be completely open to commercial shipping for the “remaining period of ceasefire” between the US and Iran, the BBC reported. Following the announcement, the cost of a barrel of Brent crude fell to below $90 a barrel, having been above $98 earlier in the day. In 2025, about 20 million barrels of oil and oil products passed through the Strait of Hormuz every day, according to estimates from the US Energy Information Administration (EIA).

Although the Colombian government has deprioritised enacting an Article 6 regulation amid the end of the presidential term in August, its main implementation technical partner is developing a project pipeline, preparing for its eventual one-go rollout.

A French ministry official expects the EU to purchase as many as 716 mln international carbon credits in 2036-40 to help meet the bloc's new climate target, an official told Carbon Pulse on the sidelines of the European Climate Summit in Barcelona.

The European Union is drafting plans to tackle ​a looming jet fuel supply crunch and maximise refinery output, officials have told Reuters, amid news a major airline is already set to cut flights due to high jet fuel prices.

In talks - India and Singapore held talks on carbon credit cooperation, focusing on advancing bilateral engagement under Article 6.2 of the Paris Agreement, India’s renewable energy ministry announced. Discussions covered potential collaboration in green hydrogen, battery energy storage systems, and other technologies eligible under India’s emerging carbon market framework. The meeting signals early-stage efforts to operationalise cross-border carbon trading, as New Delhi looks to attract finance and technology through bilateral crediting deals, with Singapore seen as a possible partner.

A new study has put a price tag on climate “loss and damage” at levels far above many existing benchmarks, finding that the bulk of harm from past emissions has yet to be felt and could run into tens of trillions of dollars globally.

Pacific Island nations have used a regional meeting this week to launch a regional framework pushing for a fossil fuel free Pacific, they announced Friday.

Article 6.4’s upcoming technical decisions on large-scale crediting, risk management, and reversal assessment will determine whether global carbon markets can scale a diverse portfolio of climate solutions or narrowly exclude key approaches like nature-based solutions.