Latin America is creating opportunities for carbon project developers to generate credits, access finance, and commercialise issuances, developing national carbon markets, Carbon Pulse reported last week – although Global North funds retain their key role in the market, for now.

Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS), told journalists that his party is not seeking to grant power generators free ETS allowances, contrary to media reports.

No end date - Japan and Mongolia have issued carbon credits to four solar power projects under their bilateral Joint Crediting Mechanism (JCM), covering emissions reductions generated between 2021-25, according to a meeting report published on Tuesday. The credits, split between the two countries, total more than 214,000 tCO2e across the projects. The two governments also signed authorisation letters allowing the transferred credits to be used as internationally transferred mitigation outcomes (ITMOs) under the Paris Agreement. Separately, the joint committee agreed to amend the bilateral JCM agreement to remove its end date.

Analysis of 14 Pacific Island Nationally Determined Contributions (NDCs) found that a lag in climate finance flows to the region threatens their implementation.

Singapore and Indonesia are closing in on finalising an implementation agreement under Article 6 of the Paris Agreement, local media reported Tuesday.

An Australian venture capital fund announced Tuesday it had successfully raised A$28 mln ($19.2 mln) on behalf of an aerospace company looking to scale its drag-reducing adhesive film that improves flight efficiency.