Jet set Ghent - LanzaTech, a US-headquartered carbon management company, has selected North Sea Port in Ghent, Belgium as the permanent site for what it said will be Europe’s first commercial-scale alcohol-to-jet (ATJ) sustainable aviation fuel (SAF) facility, a €500 mln project targeting annual production of 79,000 tonnes of SAF and 9,000 tonnes of renewable diesel, the company and port said Monday. LanzaTech said it is preparing to submit an environmental impact assessment scoping notification to Belgian authorities as it moves toward a final investment decision. The facility is designed to comply with CORSIA, EU ReFuelEU Aviation, and UK SAF Mandate regulations.

A South Korea-based multilateral climate finance facility last year supported mitigation programmes that could generate over $500 million in Internationally Transferred Mitigation Outcomes (ITMOs), also hitting other milestones, according to its annual report.

The Brazilian COP30 presidency is pushing forward with the development of a roadmap to halt and reverse deforestation and forest degradation by 2030, with the first consultations starting in New York on Monday on the margins of the 21st Session of the UN Forum on Forests (UNFF21).

High-rated mangrove restoration credits surged to record highs last week amid an uptick in demand for quality nature-based units, while the Integrity Council for the Voluntary Carbon Market (ICVCM) said another standard body and another methodology met its Core Carbon Principles (CCP) bar.

A Green European Parliament lawmaker who will help steer the revision of the EU Emissions Trading System (ETS) says talks could conclude by the first quarter of 2027, provided the European Commission anticipates key issues and EU capitals and the Parliament avoid major changes to the draft.

A clean cookstove developer is expanding into Uganda, beginning with the delivery of 10,000 improved cookers to rural communities, it announced on Monday.

The European Commission is weighing an extension of the EU’s Emissions Trading System (ETS) that would extend carbon costs to international flights departing the bloc, not just those travelling within Europe, according to the Financial Times.

Five developing nations have outlined activities they may approve under the Paris Agreement’s Article 6.4 crediting mechanism, with most placing forestry, land use, agriculture, waste methane, and renewables among their main areas of interest.

Campaigners have urged Brussels to resist growing political pressure to dilute the EU Emissions Trading System (ETS), warning that weakening the bloc’s flagship carbon market in the name of industrial competitiveness would undermine two decades of decarbonisation efforts just as the system "is finally working somewhat".

Singapore will again allow companies under its carbon tax to carry over unused international carbon credits (ICCs) into the following year, as a shortage of eligible units under the city-state’s Article 6 framework persists.

The green advantage - NATO is openly backing renewables and other non-fossil fuel energy sources as critical to the alliance's security, despite moves by its most powerful member the US to actively undermine the energy transition. A NATO official told Politico that energy diversification including through alternative fuels, helps to boost operational readiness and resilience, as well as reducing dependencies. Their comments follow a NATO publication from earlier this year, which pointed to the "considerable logistical challenges" of diesel generators to power militiary camps, as well as their environmental disadvantages. The organisation recognises that solar, biodiesel, and hydrogen can be more economically and logistical viable than diesel generators when operating remote bases. The publication also spoke to the importance of coordinating public, private, and military interests to address energy crises and ensure that fossil fuel access can't be used as a bargaining chip.

Japan-Vietnam JCM – Japan and Vietnam signed a new memorandum of cooperation on May 2, formally establishing their Joint Crediting Mechanism (JCM) as a cooperative approach under Article 6.2 of the Paris Agreement. Verified emission reductions or removals from JCM projects can be used towards both countries’ nationally determined contributions, while projects registered under the Japan-Vietnam JCM cannot be used for other international climate mitigation mechanisms to avoid double counting. The partnership runs until 2030 and will automatically renew for successive five-year periods unless either side gives notice to discontinue it.

Paraguay Article 6 – Paraguay’s Ministry of Environment and Sustainable Development has launched a tender for a consultant to assess mitigation activities and develop mitigation activity idea notes, it said on May 6. The work forms part of a programme led by the ministry, implemented by the Global Green Growth Institute (GGGI), and funded by the Carbon Transaction Facility to help Paraguay participate in international carbon markets under Article 6 of the Paris Agreement. Proposals are due by June 1 via GGGI’s e-Green Procurement Portal.

Brazil is moving forward with Paris Agreement Crediting Mechanism (PACM) approvals and progressing toward an Article 6 regulation, breaking free from its prior policy stagnancy on Paris carbon markets, Carbon Pulse reported last week.

Next steps - South Korea is working to establish a framework for carbon market cooperation with Bangladesh and to identify international emissions reduction projects based on Article 6 of the Paris Agreement, the Korean trade ministry (MOTIR) said Monday. MOTIR will host a training programme for Bangladeshi government officials this week, following a MoU signed between the two countries for their Article 6 partnership. The training also comes after Bangladesh announced its national carbon market framework.  

Echoing A Tale of Two Cities, today’s climate transition is marked by both unprecedented progress and mounting headwinds, and overcoming false binaries will be critical to unlocking the capital and action needed at scale.