Turkish ETS to be finalised imminently, kicking off pilot phase this year -official
Turkiye’s final Emissions Trading System (ETS) policy is expected to be signed off imminently, clearing the way for the start of a two-year “rehearsal” period before the first stage of implementation in 2028, an official has said.
Read MoreGovernments join push to scale CORSIA credit supply ahead of 2027 demand
Five governments have joined an aviation carbon market alliance aimed at scaling the supply of eligible carbon credits for international airlines, as the sector looks to meet expected demand of up to 250 million emissions units by spring 2027.
Read MoreEthiopia drafts bill to include banking sector in carbon markets -local media
Ethiopia’s legislature is reviewing a draft Carbon Market Proclamation that would permit local commercial banks and financial institutions to participate directly in carbon trading, local daily Ethiopia Today reported.
Read MoreCarbon developer group elects Latin America specialist to leadership role
An international carbon project developer association has elected a Brazil-based project specialist as co-vice chair, adding Latin American experience to its leadership as it seeks to influence international carbon market rules.
Read MoreClimate finance won’t meet minimum needs until 2030s as growth rate slows, report warns
Global climate finance flows neared $2.1 trillion last year, but will not meet minimum requirements for mitigation until “well into” the 2030s, as the annual rate of acceleration has dropped significantly, a report warned on Tuesday.
Read MoreVCM REPORT: CORSIA futures fall to fresh 2-year lows, wider credit demand shows strong signs amid focus on quality
CORSIA futures sank to fresh two-year lows last week, with benchmark contracts slipping further below $10/tonne as uncertain sentiment over demand continued, while there were some positive signals in terms of retirements in the wider voluntary carbon market (VCM) amid an ongoing refocusing on quality.
Read MoreCoal emissions soar above legal limits in Western Balkans, despite EU carbon pressure
The Western Balkans’ ageing coal plants are breaching legal pollution limits and operating beyond closure deadlines, despite pressure from the EU’s Carbon Border Adjustment Mechanism (CBAM), an NGO has warned.
Read MoreUK publishes shipping compliance guidance as maritime ETS entry nears
The British government has published detailed guidance for shipping companies on complying with the maritime expansion of the UK ETS, setting out monitoring, reporting, and allowance surrender requirements ahead of the sector’s entry into the carbon market from July 1.
Read MoreUN agency joins African carbon fee initiative as observer, advisor
A UN agency outpost in Djibouti has joined a compliance carbon pricing initiative active in several African countries, as an observer and strategic advisor.
Read MoreTanzania files Article 6 report, opening path to CORSIA credits
Tanzania has filed its Initial Report under Article 6 of the Paris Agreement, a step that will enable the country to take part in international carbon markets and set the stage for CORSIA‑eligible credits from clean cooking projects, a cookstove developer announced on Monday.
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