The Development Bank of Latin America and the Caribbean (CAF) is simultaneously building demand, supply, and enabling conditions to operationalise Article 6 across the region, an executive has said.

Global carbon capture and storage (CCS) capacity is set to reach only a fraction of the levels needed to meet the Paris Agreement's 2C target, according to a study published Monday.

The US should adopt a voluntary export fee (VEF) on carbon emissions to counter revenues set to be lost to the EU’s Carbon Border Adjustment Mechanism (CBAM), although there are potential challenges in implementing such a policy, researchers said in a report published Monday.

The European Commission is set to propose strict eligibility criteria for carbon credits used by EU airlines under the UN’s CORSIA international aviation offsetting scheme, according to sources, who warn that carriers may face near-zero supply for Phase 1 if implemented.

A new risk intelligence service launched on Tuesday aims to give buyers and investors in carbon removal (CDR) projects clearer, data-driven insight into project viability and exposure across an expanding but still largely unregulated market.

The EU is facing renewed pressure to weaken its carbon market and methane rules as global energy tensions rise, but analysts warn that doing so risks undermining both energy security and economic stability.

Civil society and industry representatives are urging the European Commission to extend the scope of the EU Emissions Trading System (ETS) to all departing flights from Europe, in a bid to bolster the aviation sector's emissions coverage and carbon price signal.

LATAM companies and governments last week announced deals – clinched or anticipated – that were collectively worth well over $1 billion, continuing a trend in select countries toward high-value carbon financing agreements, even as some jurisdictions falter.

Turbulence ahead - Higher jet fuel prices driven by disruption to oil supplies as a result of the Iran war have increased the average fuel cost by €88 for each passenger on long-haul flights leaving Europe and €29 on flights within Europe, according to campaign group Transport & Environment (T&E). Those costs are for Apr. 16 compared to those before the conflict began on Feb. 28. European airlines are bracing for a challenging summer, with jet fuel prices having risen to well over $100 per barrel since the war began, and concerns growing that shortages could mean cancelled flights. The EU is set to release guidelines on managing limited jet fuel supply on Wednesday. The extra costs from the fuel price spike greatly exceed those faced by airlines to comply with EU climate policies, said T&E. Airlines have pushed for a rollback of the EU's 2030 mandate for e-fuels as well as a review of upcoming carbon pricing. (Reuters)

Angola’s government is working on legislation to establish a national emissions trading system (ETS) and to structure its participation in international carbon markets, a policy advocate engaged in the process told Carbon Pulse.

Malaysia has launched its National Carbon Market Policy (DPKK), setting out a framework to develop a domestic market and tap international finance under the Paris Agreement to help deliver on conditional emissions reduction targets.

Funding call - The Global Environment Centre Foundation (GEC) has issued a call for business proposals to subsidise emissions reduction projects under the Japan-led Joint Crediting Mechanism (JCM). Projects that aim to introduce advanced decarbonization technologies or create synergies will be considered. A budget of around JPY 180 mln ($1.13 mln) will be allocated for the funding programme during FY2026-27. The application deadline is set for June 1, GEC said.

International climate talks need to shift focus onto action, away from negotiations, to fend off the "twin reapers" of global warming and high fossil fuel costs, the UN's climate chief said in a speech kicking off the annual Petersberg Dialogue on Tuesday.

The Indian and South Korean governments on Monday announced they have signed a memorandum of cooperation (MOC) under Article 6.2 of the Paris Agreement.