The EU ETS is delivering emissions cuts well beyond its borders without triggering widespread carbon leakage, according to new research that points to global policy and market spillovers from higher EU carbon prices.

Morocco and Norway on Tuesday signed a bilateral agreement under Article 6.2 of the Paris Agreement to support deployment of renewable energy in the North African country.

The largest political groups in the European Parliament, including the centre-right European People’s Party (EPP), back removing the Carbon Border Adjustment Mechanism’s (CBAM) temporary suspension clause from the European Commission’s December proposal to extend the scheme.

Latin America and the Caribbean’s (LAC) aviation sector could face steep traffic losses if net zero targets and compliance with the UN's CORSIA decarbonisation scheme rely too heavily on sustainable aviation fuel (SAF), even as SAF production looks promising for the region, according to a recent industry-backed study.

The Intergovernmental Panel on Climate Change (IPCC) is refocusing its work on mid-range pathways that imply around 3-3.5C global warming by 2100, media outlets have reported.

CORSIA prices dropped last week amid the global jet fuel crisis, although the latest leaked memo from Brussels about tightening carbon credit restrictions for the international aviation offsetting scheme has also played a role, analysts said.

Downstream impact - The EU's Carbon Border Adjustment Mechanism (CBAM) could cost farmers €39 bln over seven years because it would increase the cost of imported fertiliser, according to industry body Copa Cogeca. Around 30% of nitrogen fertilisers used in the EU are imported. This year alone, fertiliser prices are expected to increase by around 15% on average, which would total about €12 bln over the next seven years, and if considering the price alignment that EU-based fertiliser producers could operate, Copa Cogeca estimates that total cost for farmers could reach up to €39 bln over the period. The group has called for CBAM to be suspended and long-term measures to be introduced to offset related costs for farmers, as well as full clarity on how CBAM revenues will be redistributed. (Agriland)

Think tanks, NGOs, and scientific bodies have warned the EU over the planned use of international carbon credits in its climate policy framework, while a large number of companies endorsed their inclusion, also in the bloc's carbon market, in response to a public consultation.

UN officials are considering whether to repurpose an existing voluntary carbon credit cancellation platform to support the Paris Agreement’s Article 6.4 mechanism, as the current system under the Kyoto Protocol approaches closure at the end of 2026.

Environmental NGOs and carbon market advocates remain divided over how far the EU should rely on carbon removals, international credits, and other market-based flexibilities for the next phase of its climate policy, according to submissions to a European Commission consultation on post-2030 national targets.

Experts working to operationalise the UN's Paris Agreement Crediting Mechanism (PACM) have published a new draft registry procedure that will be considered at an upcoming crunch meeting of the Article 6.4 Supervisory Body.

EU member states will on Tuesday discuss a significant simplification of the EU’s Carbon Border Adjustment Mechanism (CBAM), specifically its default emissions values for downstream goods, as concerns mount that the current system is too complex to apply effectively to manufactured goods with fragmented supply chains.

COP31 appointment- Turkiye has appointed Australia’s nominee Sally Higgins as COP31 Presidency Youth Climate Champion, the Department of Climate Change, Energy, the Environment and Water (DCCEEW) said on Tuesday. COP31 will be held in Antalya in Nov. 2026. This comes after Turkiye won the race to host the summit in the resort city, beating Australia, and after both agreed to share the presidency in November last year. Turkiye will host the Leader’s Summit and lead the Action Agenda, while Australia will lead negotiations and partner with Pacific nations on pre‑COP meetings in Fiji and Tuvalu. Higgins, a Queensland farmer and Nuffield scholar, will ensure youth perspectives are represented in decision‑making and elevate youth‑led climate solutions at COP31.