The Brazil carbon market is being built to do more than cut emissions. The government wants to turn low-carbon steel and aluminium into a trade advantage and position Brazilian green metals as the SBCE phases in.

European buyers were still seeking Ukrainian steel despite the recent rollout of the EU’s Carbon Border Adjustment Mechanism, but constraints on production during wartime were preventing mills from fulfilling the demand, the industry said.

A growing number of steelmakers across Latin America have received sustainability certifications and environmental recognitions in recent months, reflecting how the region is increasingly positioning itself within the global transition toward lower-emissions steelmaking – although questions still remain surrounding how commercially scalable and economically sustainable this transition will become.

As CBAM and the EU ETS reshape cost structures across Europe’s automotive supply chains, OEMs are under growing pressure to protect margins while navigating opaque carbon pass-through.

Front-loading cleared roughly €820 million in CBAM liabilities before the definitive phase began. The pattern is unlikely to be a one-off as free allowances step down toward zero in 2034.

The European Commission's draft CBAM carbon price legislation, published May 13, sets out how carbon costs paid abroad will count toward EU import obligations. It also caps Article 6 credit usage at 10% of emissions and applies retrospectively from January 2026.

Europe's green steel ambitions were built on affordable hydrogen that hasn't materialised. Thyssenkrupp and Salzgitter delays, scaled-back supply targets, and a shift to dual-fuel DRI configurations now define the transition.

Argentina's Misiones province could become the world's first subnational jurisdiction to issue CORSIA-eligible JREDD+ credits, with LATAM Airlines lined up as anchor buyer for 2.8 million tonnes at ~$24/tCO2e. The $60 million transaction awaits federal authorization.

Since January 1, 2026, around 40% of European pulp mills have been excluded from the EU Emissions Trading System, ending nearly two decades of surplus allowance income. Carbon capture and storage is emerging as a potential replacement.

Fastmarkets has launched a Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Phase 1 conditional offtake price assessment on Wednesday April 29.