Peru’s Ministry of Environment (MINAM) has accredited two new standards and added 17 new methodologies to the national carbon registry RENAMI, as per a resolution issued Thursday.

EU leaders on Friday endorsed the European Commission's plan to review the EU Emissions Trading System (ETS) next month, with proposals on free allowances and industrial emissions benchmarks due in July, as talks continue on how to use ETS revenues in the next EU budget.

Importers face steep challenges to take advantage of proposed EU rules allowing the application of carbon credits against Carbon Border Adjustment Mechanism (CBAM) fees, due to the “onerous” conditions imposed by Brussels on their use, experts told Carbon Pulse.

Malaysia is seeking to upgrade its national forest carbon registry to meet standards set by the Integrity Council for the Voluntary Carbon Market and the aviation sector's Carbon Offsetting and Reduction Scheme for International Aviation.

The EU should resist calls to weaken aviation climate policies in response to the recent kerosene price shock and instead extend its ETS to cover all flights departing the bloc from 2027, according to a policy paper published this week.

Biofuel boost - Danish biofuel startup Kvasir Technologies has raised €10 mln to support commercialisation of climate-neutral marine fuel, backed by a consortium of investors including EIFO, Mærsk Growth, Footprint Fund, and European Energy. The company, which spun out from research at the Technical University of Denmark, will use the funding to scale technology at its test facility in Fredericia, with capacity of up to two tonnes of biofuel per day. At the same time, development will begin on the first commercial plant in Aabenraa, in southern Jutland, to demonstrate the technology at industrial scale. Kvasir produces biofuel from non-edible lignin-based residues from agriculture and forestry, which then serves as a direct drop-in replacement for fossil-based marine fuel and requires no changes to ship engines or existing infrastructure. (Net Zero Investor)

The European Union risks repeating the mistakes of the Kyoto Protocol as it moves to reintegrate international carbon credits into its climate policy, a Brussels-based think tank has warned, amid growing calls to include next-generation credits in the EU carbon market.

Climate negotiators ended two weeks of talks in Bonn with mixed results, as geopolitical conflicts over climate finance and fossil fuels limited technical and diplomatic movement in most areas, largely leaving the international climate community eyeing November's COP31 summit for greater progress.