Asia-Pacific industry is beginning to explore how carbon market‑style accounting can support the emissions assurance now demanded under the EU’s Carbon Border Adjustment Mechanism (CBAM), even as regional readiness remains highly uneven.

The New South Wales Net Zero Commission (NZC) has issued a call for evidence to better understand the opportunities and barriers to decarbonisation in the state.

Monitoring template – India's Bureau of Energy Efficiency (BEE) has released a monitoring plan template for entities covered under the country's Carbon Credit Trading Scheme (CCTS), setting out detailed requirements for tracking and reporting GHG emissions. The template requires obligated entities to document emission sources, source streams, monitoring methodologies, measurement equipment, sampling and calibration procedures, and internal controls for emissions data management.

A coalition of Iwi leaders, climate activists, and an environmental non-profit have lodged a complaint with the UN’s human rights and climate change rapporteur over a New Zealand government proposal to restrict climate-related tort claims.

Uninsured – New Zealand’s listed health and life insurers will no longer be obliged to submit annual climate risk reports, the government announced on Thursday. This will reduce the number of companies covered by the mandatory disclosure scheme by nine, to 67 – significantly below the 164 the regime started with. The Financial Markets Authority said it would provide interim relief to health and life insurance companies by taking no action to enforce the regulation while waiting for the legislative change to be passed. The government last year proposed weakening the climate disclosure scheme, lifting the threshold for reporting from a market capitalisation of NZ$60 mln ($34.8 mln) to NZ$1 bln, which knocked out 88 companies. The Financial Markets Conduct Amendment Bill, which will enshrine all of the above changes, is yet to be passed.

Ammonia shipping – JERA, Japan’s largest power generator, has entered into time charter agreements with Japanese shipping conglomerates Mitsui OSK Lines and NYK Bulkship Asia for two fuel carriers each to transport low-carbon ammonia, it announced Thursday. Ammonia produced at the Blue Point Project in Louisiana, US will be supplied to JERA’s Hekinan Thermal Power Station. The contracts mark the world’s first long-term deployment of Very Large Gas Carriers for low-carbon ammonia transportation, JERA said.

Small island developing states (SIDS) want the Bonn climate talks to move mitigation finance and Article 6 support beyond discussions and towards practical access to concessional capital, project preparation support, and implementation pathways needed to meet finance-dependent climate targets, experts told Carbon Pulse.