The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.

The UK government published a draft primary legislation for its carbon border adjustment mechanism (CBAM) on Thursday April 24, with aluminium, iron and other steel goods all set to come under the policy.

Eligible credits for Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Phase 1 remain in tight supply, leaving many buyers and sellers at an impasse.

Nigeria has finalized its long-awaited Carbon Market Activation Policy, positioning itself to unlock as much as $2.5 billion in high-integrity carbon credit investments by 2030, President Bola Ahmed Tinubu announced on Wednesday April 23.

Sentiment in the voluntary carbon market remained cautious in the week to Wednesday April 9, with limited trading and rising regulatory uncertainty. Improved Forest Management (IFM) credits drew limited interest as market participants weighed macroeconomic headwinds and shifting US policy signals.

The latest updates (Mar25) in the global carbon markets highlight significant strides in nature-based and innovative carbon removal projects. From Koko securing MIGA insurance in a potential boon to future CORSIA supply, Arup's £1 million investment in UK rewilding efforts to Airbus testing sustainable aviation fuel demand.

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 South African Government’s latest budget proposes to increase the carbon offset allowance against the country’s carbon tax by 5 percentage points from January 1, 2026.

A lack of trading in Reducing Emissions from Deforestation and Forest Degradation (REDD+) carbon credits continued to weigh on market sentiment and overall prices in the week to Wednesday March 5.

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.