SB64: FEATURE – Pitfalls in Article 6.2 reporting lead negotiators, observers to ask about iterative review
Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.
Read MoreTechnical assistance funding backs Congo sustainable land-use project
A sustainable land-use project in the Republic of the Congo has secured catalytic technical-assistance funding to support environmental and social studies aimed at advancing the project towards investment readiness.
Read MoreUkraine approves low-carbon strategy, updated energy plan in package of 11 climate measures
Ukraine’s cabinet has approved a package of 11 environmental measures, including a long-term, low-carbon development strategy to 2050, an updated National Energy and Climate Plan (NECP) through 2030, and a new biodiversity conservation strategy.
Read MoreEU member states agree to extend CBAM to downstream sectors from 2028
EU member states agreed on Friday to extend the bloc’s Carbon Border Adjustment Mechanism (CBAM) to downstream goods from Jan. 2028, while tightening the conditions for temporarily exempting products and broadening the list of goods covered.
Read MoreUK govt confirms imminent 2026 ETS auction calendar change for maritime inclusion
The 2026 UK Emissions Trading Scheme (UK ETS) auction calendar will be updated to reflect the inclusion of domestic maritime emissions once the regulation enabling the scope expansion comes into force in July, the government confirmed late on Friday.
Read MoreSB64: EU hopes CORSIA will use PACM as guide to ensure Paris alignment, advisor says
The EU is hopeful that the UN’s CORSIA offsetting scheme for airlines will look at the Paris Agreement Crediting Mechanism’s (PACM) direction of travel and explore potential revisions, a policy advisor to the European Commission said Friday, as aviation stakeholders await a decision on whether the bloc will expand its ETS to cover extra-European flights.
Read MoreOil product demand in China falling faster than expected amid Middle East conflict
Oil demand in China may have fallen faster than expected as the US-Israeli war against Iran passed the 100-day mark, Reuters reported Friday, in an indication that demand destruction may be advancing rapidly across some global regions, which would see a reduction in emissions across key carbon pricing schemes.
Read MorePACM could scale carbon crediting beyond projects, but rule gaps remain -report
The Paris Agreement Crediting Mechanism (PACM) could help carbon markets move beyond individual projects and deliver mitigation at scale, but regulators still need to close key methodological, governance, and demand gaps, according to a report released Tuesday.
Read MoreSB64: Civil society groups urge COP31 hosts to lead fossil fuel transition
A coalition of civil society organisations from Turkiye, Australia, and the Pacific has urged the incoming COP31 presidency team to use this year’s UN climate summit to accelerate the transition away from fossil fuels.
Read MoreINTERVIEW: War pushes carbon insurers to pause cover in parts of Middle East
Armed conflict and policy uncertainty are making parts of the international carbon market harder to insure just as the EU looks to lean more on overseas credits, according to Bilal Hussain, co-founder and CEO of carbon credit insurer Artio.
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