EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.

Colombia has published a draft carbon markets decree addressing technical and safeguarding concerns with tools that don’t yet exist, also imposing new responsibilities on domestic and international entities, but leaving key implementation questions open.

The European Commission has referred Spain and Poland to the EU Court of Justice for failing to transpose revised emissions trading rules into national law, more than two years after the deadline passed.

Finnish climate minister Sari Multala on Thursday defended the EU Emissions Trading System (EU ETS) as the central policy to steer investment towards clean energy, warning that any weakening of the bloc's carbon market risks undermining the continent’s clean-tech ambitions.

A voluntary carbon registry has listed its first Paris Agreement-aligned project, a clean cooking initiative in Senegal that is set to expand to cover several different programmes in the coming years, it was announced on Thursday.

CBAM impact - Kazakhstan’s aluminum, iron, and steel sectors are expected to be most affected by the EU's carbon border fee, according to a CBAM impact assessment report presented by the International Trade Centre (ITC) in partnership with the QazTrade Trade Policy Development Center. During a report presentation in Astana, speakers called for Kazakhstan to strengthen its domestic ETS in response to CBAM, and to ensure that companies effectively monitor their emissions to avoid being subject to EU default values. According to the report, the EU accounts for over half of Kazakhstan’s aluminum exports, and based on a carbon price of €80, the estimated CBAM cost for aluminum exports would be about €5.6 mln, or roughly 2% of export value. While the impact on iron and steel exports could be far greater - using default emissions values, CBAM costs could exceed €108 mln, equivalent to 123% of the value of some steel exports. But if Kazakh exporters properly monitor, verify, and report their actual emissions, the total CBAM liability could be cut from around €114 mln to approximately €57 mln annually. (Astana Times)

Jordan is aiming to be among the first Arab countries to join international carbon markets, by convening its third steering committee meeting for a Norway‑funded initiative to cut emissions from the waste sector.

The effectiveness of the Joint Crediting Mechanism (JCM) remains constrained by institutional complexity and insufficient partner engagement, but Tokyo's move to scale up nature-based projects may address the issue of limited credit issuance, a new paper argued.

Papua New Guinea has set a pathway to reach net zero emissions by 2030 and become net-negative by 2035 under a near-final update to its national climate pledge, while simultaneously securing new EU funding to strengthen climate finance, forest monitoring, and biodiversity governance.

Taking the initiative – Intergovernmental organisation the Global Green Growth Institute (GGGI) and the government of Indonesia have launched a new phase of the Green Indonesia Future Initiative (GIFT), running from 2026-30, the Korea-based group said in a press release. This builds on work done so far under this partnership, which has delivered an estimated 183.5 MtCO2e of emissions reductions, mobilised $776.5 mln of green investment across the economy, and created 271,095 jobs, GGGI said, in sectors such as forestry, blue carbon, and energy. Under the next chapter, GIFT is aiming to mobilise $2 bln of green investment by 2030 – more than doubling what it has so far delivered – as the country seeks to make progress on its Paris Agreement NDC and the Indonesian Biodiversity Strategy and Action Plan.

Handy tool – South Korea's trade ministry (MOTIE) and trade promotion agency (KOTRA) have published training materials to help companies implement international emissions reduction projects under Article 6.2 of the Paris Agreement. While corporate interest is rising, many companies have struggled with implementation due to the complexity of international regulations and project procedures, MOTIE said. The training covers the entire process of project development and implementation, including MRV and the current status of international cooperation.

Several governments across Latin America and the Caribbean are studying how to replicate Argentina's Misiones programme after it became the first jurisdictional REDD+ initiative approved under Verra's Jurisdictional and Nested REDD+ (JNR) Framework, the standard's regional representative told Carbon Pulse. 

Chile has issued a Letter of Authorisation (LoA) for a biogas landfill mitigation project, with the government also looking to operationalise two other bilateral agreements and preparing to assess a new batch of projects next month, a senior government official said this week at the Latin American Climate Summit (LACS).

The Mexican government is aiming to publish the regulation required to make its emissions trading system (ETS) fully operational by the end of 2026, accompanied by a national programme to boost local supply of carbon credits, according to a federal official.