BRIEFING: World Bank urges countries to embed carbon pricing, Article 6 plans into climate strategies
Countries need to stop looking at carbon pricing in silos when it comes to long-term climate planning and instead embed it into national strategies from the outset, the World Bank said in two complementary reports.
Read MoreCarbon markets face “mission creep” as COP32 implementation clock ticks
Carbon markets risk failing to reach their true potential because governments and industry groups have overloaded them with ideological and regulatory demands, said experts on Friday, warning that “mission creep” was undermining efforts to mobilise climate finance.
Read MoreINTERVIEW: Asia’s emerging compliance markets should focus less on perfect design, more on getting started
Emerging emissions trading systems (ETSs) in Asia should not be judged too harshly if they struggle with low prices, weak liquidity, or technical glitches in their early years, according to an expert, who argued that even the world’s most established carbon markets evolved through repeated policy mistakes and reforms.
Read MoreINTERVIEW: Myanmar eyes carbon tax, looks to submit new NDC by year-end
Myanmar is designing its first carbon tax, focusing on the energy, agriculture, and steel sectors, and is looking to submit its updated Nationally Determined Contribution (NDC) by year-end, a Yangon-based VCM platform told Carbon Pulse.
Read MoreCORSIA could run short of eligible offsets by 2028 under higher emissions scenarios -analysis
The aviation sector’s international carbon offsetting scheme could face a shortage of eligible credits by 2028 under medium- and high-emissions scenarios, according to analysts, even though only a small portion of expected demand is currently covered by explicit non-compliance penalties.Â
Read MoreMalaysian industry seeks clarity on credit use under carbon tax
Malaysian industry is seeking urgent clarity from the government on whether carbon credits will be eligible for use under the country’s planned, but now delayed, carbon tax, as uncertainty around implementation continues.
Read MoreINTERVIEW: Pakistan province eyes carbon market expansion, sub-national ETS by 2027
Punjab, Pakistan’s most populous province, is preparing an extensive push into carbon markets, with officials targeting the launch of a sub-national emissions trading system (ETS) by mid-2027 while developing a pipeline of Article 6 and voluntary carbon market projects spanning forestry, transport, waste, energy, and clean water.
Read MoreUK company announces deals to structure long-term removal assets with bank, energy company
A carbon market assets company on Thursday announced a series of transactions aimed at turning carbon removals into longer-term financial assets.
Read MoreANALYSIS: EU opening for Article 6 in CBAM sends “positive signal” for credit demand, but puts climate credibility at risk
Allowing EU importers to deduct international carbon credits from their Carbon Border Adjustment Mechanism (CBAM) fees is an endorsement of the UN’s Article 6 carbon markets – but some worry it may come at the expense of the mechanism’s climate integrity.Â
Read MoreCarbon pricing coverage nears a third of global emissions, World Bank says
Carbon pricing now covers nearly 30% of greenhouse gas emissions globally, with government revenues from carbon taxes and emissions trading systems (ETSs) topping $107 billion in 2025, according to a World Bank report published on Tuesday.
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