Major announcements at COP30 in Belém, Brazil are reshaping expectations for global climate finance, forest protection and international carbon markets, with governments, multilateral lenders and corporates signalling new levels of ambition.

The latest updates (Oct) in the global carbon markets spotlight major advancements in REDD+ and carbon credit frameworks. From Indonesia and Verra’s mutual recognition agreement unlocking paused REDD+ projects, to Katingan credits driving strong market demand

The European Union is expected to delay the implementation of its Deforestation Regulation (EUDR) law for a second time, following a statement made by the environment commissioner, Jessica Roswall, on Tuesday September 23.

The EU Commission has launched a call for evidence on Thursday August 28 on its methodology for calculating emissions embedded in Carbon Border Adjustment Mechanism (CBAM) goods, the rules on the adjustment of CBAM certificates to reflect the EU Emissions Trading System (ETS) free allocation and the rules on the deduction of the carbon price paid in a third country.

The latest carbon market updates highlight NatWest Cushon’s investment in carbon removals, new IFRS S2 disclosure guidance, and Microsoft’s soil carbon credit deal, showcasing the growing momentum in sustainable investing and climate innovation.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved ACR’s Afforestation and Reforestation of Degraded Lands, v 1.0-1.2 Afforestation, Reforestation and Revegetation (ARR) methodology under its Core Carbon Principles (CCP), ICVCM announced on Thursday July 17.

Carbon registry Verra announced on Friday May 23 a delay in the release of the final deforestation risk maps required under the Reducing Emissions from Deforestation and Forest Degradation (REDD+) methodology VM0048. The registry said that the delay is intended to ensure the data meets Verra’s standards for high quality and to enhance transparency throughout the data development process.

The Science Based Targets initiative (SBTi) has proposed a significant expansion of carbon removals in corporate net-zero strategies, marking a potential shift in how companies use voluntary carbon markets.

The US forestry sector is undergoing a transformation as timberland managers increasingly diversify beyond traditional operations to embrace forest carbon projects, conservation, renewable energy, and carbon capture initiatives.

Small volumes of around 3,000 tonnes of CO2 equivalent (tCO2e) of Panama ARR (VCS 2481) vintage 2017 were reported on offer at $32 per tCO2e. The volumes on offer represented more than half the circulating credits from that project-vintage pair. The supply of credits from the project is constrained. It has issued up to vintage […]